Archive for October 27th, 2009

Currency Markets in the News

Anxiety Over The Euro's Strength

October 27, 2009

An editorial in the Tuesday Financial Times pushes the view that worries about euro appreciation are “overdone” and makes several credible points.  Consumers benefit from cheaper import prices.  Much of the region’s external trade is with one another, where exchange rate exposure has been eliminated by the common currency.  It’s not such a bad thing […] More

Central Bank Watch

Reserve Bank of India Reins in Some of its Unconventional Stimulus

October 27, 2009

Following a quarterly monetary policy review, central bank officials held key interest rates steady as expected but released a statement defending an earlier rather than later implementation of an exit strategy and announced some first pull-backs of unconventional liquidity provisions.  Unlike most economies, India faces accelerating inflation, which makes the Reserve Bank of India’s (RBI’s) […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments: Bank of India Makes First Move to Reabsorb Liquidity

October 27, 2009

The dollar has traded down 0.5% against sterling, 0.3% versus the yen and Australian dollar, 0.2% against the euro and 0.1% relative to the kiwi.  The buck is flat against the Swiss franc and up 0.1% against the Canadian dollar, as the Bank of Canada Governor continues to sound the alarm about excessive exchange rate […] More