Archive for September 28th, 2009

New Overnight Developments Abroad - Daily Update

Monday's Developments

September 28, 2009

The dollar hit an eight-month low of 88.22 yen but was as strong as 1.5766 per pound sterling during Monday.  At the close however, it was up 0.5% against the euro, more than its net 0.3% gain against sterling, and it had lost just 0.1% against the yen. The Nikkei lost 2.5%, but the DOW […] More

Central Bank Watch

Hungarian Central Bank Rate Reduced 50 Basis points

September 28, 2009

The Magyar Nemzeti Bank lowered its two-week bill rate for banks to 7.5% from 8.0%.  A 50-basis point cut had been anticipated and leaves the key rate at its lowest level since September 2007.  The rate had previously been reduced by 50 bps on August 24, 100 bps on July 27, 50 bps on January […] More