Archive for October 26th, 2009

Central Bank Watch

Bank of Israel Policy Rate Held Steady at 0.75%

October 26, 2009

Lower-than-anticipated inflation last month, well-anchored expected inflation, and high unemployment persuaded Israeli monetary officials not to hike their key benchmark interest rate for a second time.  An initial increase was made August 24, making the Bank of Israel the first central bank to raise rates after having implemented a series of deep reductions.  In Israel’s […] More

Larry's Blog

Louder Complaints About an Undervalued Chinese Yuan and Some History

October 26, 2009

The U.S. Treasury semi-annual report on International Economic and Exchange Rate Policies, released earlier this month, bluntly called the Chinese yuan “still undervalued” and said it had depreciated 7% in trade-weighted terms since February despite brisker Chinese productivity and GDP growth, a $186 billion increase in Chinese reserves in the first half of 2009, and […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: U.S. and Canadian Dollars Moderately Softer

October 26, 2009

The dollar is 0.3% lower against the yen, Swiss franc, and Australian dollar and has lost 0.2% against the euro.  The greenback is up 0.3% against the loonie and unchanged against sterling. Following drops on Friday, most stock markets are higher with gains of 1.0% in South Korea, 2.9% in Pakistan, 0.8% in Japan, 0.4% […] More