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
