Foreign Exchange Insights and Next Week
Next Week
November 13, 2009
The week to November 20 provides a balance of a few key statistics like Japanese GDP and U.S. and British retail sales and many speeches by central bankers including Fed Chairman Bernanke, ECB President Trichet, and Bank of Japan Governor Shirakawa (twice). Among monetary policy meetings in Turkey, Japan, South Africa, and Colombia, only the […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: November 13th
November 13, 2009
Autumn can be a risky season for the dollar, and officials all over are conspicuously throttling down currency market rhetoric. At this nascent point in the global upswing, a full-blown currency crisis would be unhelpful, and it’s best to let sleeping giants lay. Business press attention to the dollar has lately been greater than the […] More
Central Bank Watch
Central Bank of Chile Leaves Overnight Interest Rate Steady at 0.5%
November 13, 2009
Chile’s rate decision was as forecast. The benchmark rate has been at 0.5% since a 25-basis point cut on July 9. It had previously been sliced by 100 bps from an 8.25% peak to 7.25% in January, then 250 bps in February, another 250 bps in March, and 50 bps each in April, May and […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments: European GDP Grew More Slowly Than Expected Last Quarter
November 13, 2009
The dollar is broadly softer to close out the week on this Friday the 13th, with declines of 0.7% against the kiwi, 0.6% against sterling, the yen and Australian dollar, and 0.3% against the Canadian dollar, euro and Swiss franc. Ten-year JGB and gilt yields are four basis points lower, while the ten-year bund is […] More
