Larry's Blog
World Growth Between 2007 and 2010
October 1, 2009
The global recession has seen a big narrowing of the gap between advanced economies and emerging ones according to new IMF actual and projected figures. The International Monetary Fund expects world GDP to expand 3.1% next year, a tenth more than such did in 2008 and a 4.2 percentage point improvement from an expected 1.1% […] More
Currency Markets in the News
U.S Advantage Versus Euro Area in Manufacturing Narrowed Last Month
October 1, 2009
The differential between the U.S. and euro area manufacturing PMI readings narrowed for the first time since May during September. The U.S. minus Euroland spread has ranged between 2.1 points and 4.7 points over the last eight months, a much more stable pattern than during the previous nine months. Figures in the right-most column of […] More
Central Bank Watch
Filipino Central Bank Rate Left at 4.0%
October 1, 2009
As after the prior central bank meeting on August 20, Bangko Sentral ng Philippines kept its overnight borrowing rate steady at 4.0%. Previously, the rate had been cut by 50 basis points last December, another 50 bps in January, and 25 bps each in March, April, May and July. The last rate hike was a […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Dollar and Sterling Up Amid Quarter-End Data Deluge
October 1, 2009
The dollar has climbed 0.6% against the Swiss franc, 0.5% versus the Aussie dollar, 0.4% each versus the Canadian dollar and euro, 0.3% against the kiwi and 0.2% relative to the yen. But the greenback edged 0.1% lower against sterling. G7 finance ministers and central bankers will meet October 3rd in Istambul. Markets are unsure […] More
Currency Markets in the News
Bank of Japan Releases Results of September Business Survey
October 1, 2009
Bm Bnm Sm Snm All Dec 1998 -49 -39 -56 -43 Dec 1999 -17 -19 -32 -28 Dec 2000 10 -10 -16 -23 Dec 2001 -38 -22 -49 -39 -40 Dec 2002 -9 -16 -33 -36 -28 Dec 2003 11 -9 -13 -28 -15 Dec 2004 22 11 5 -14 1 […] More
