Archive for January 5th, 2010

Deeper Analysis

Calendar Year Highs and Lows in the Euro

January 5, 2010

The calendar year highs and lows of the euro against the dollar tend to occur not far from the turn of the year.  This most important of all dollar pairs began its twelfth year of trading on January 4.  Of the 22 highs and lows in the previous 11 years, ten were set in the […] More

Central Bank Watch

Romania Claims First Central Bank Change of 2010

January 5, 2010

The National Bank of Romania’s monetary policy rate is being reduced 50 basis points to 7.5%.  Five cuts were implemented during 2009 but none since a 50-bp move on September 29.  Earlier, the rate had been cut by 25 basis points in early February, twice by 50 bps each in June, and a fourth time […] More

New Overnight Developments Abroad - Daily Update

Yen and C-Dollar Showing Strength

January 5, 2010

The dollar rose 0.5% against sterling but has lost 0.5% against the Canadian dollar and yen.  The greenback also edged 0.2% lower against the New Zealand and Australian dollars.  It is 0.1% softer against the euro and steady against the Swiss franc.  The C$ is at its strongest level since late October. Commodities are firm, […] More