Archive for December 28th, 2009

Central Bank Watch

A Third Rate Hike For Israel

December 28, 2009

The Bank of Israel has matched its Australian counterpart for the most tightening moves this year, three.  Israel’s central bank had previously lifted its policy rate from a floor of 0.5% to 0.75% on August 24 and 1.0% on November 23rd.  Today’s 25-bp hike to 1.25% still leaves the rate level 300 basis points below […] More

New Overnight Developments Abroad - Daily Update

The Week of December 28 – January 1st

December 28, 2009

The market’s main inspiration a week ago was that the inverse relationship between the dollar and equities had broken down, as each were doing well.  Since the close on December 21st a week ago, the dollar on balance depreciated 1.8% against the Canadian dollar, 1.1% against the Swiss franc, 0.8% against the euro, 0.7%, and […] More