Central Bank Watch
Bank of England Quarterly Inflation Report
February 10, 2010
On a day when the Fed released a testimonial statement of what Chairman Bernanke had planned to announce about how the policy stance will be reined in, the Bank of England’s published quarterly Inflation Report pointed to a considerably more delayed policy reversal in Britain. British monetary officials revised projected GDP growth in the year […] More
Deeper Analysis
Canadian and U.S. Trade Trends
February 10, 2010
All nations, including Canada and the United States, experienced a sharp reduction of two-way commerce during the Great Recession, which is now reversing. U.S. trade faired better than Canadian trade during the economic downturn, as exemplified by 2009 versus 2008 comparisons of exports and imports. In Canada’s case, exports (off 24.6%) plunged more sharply than […] More
New Overnight Developments Abroad - Daily Update
Greek Debt Fear Receding As EU Seen Moving Toward a Bail-Out
February 10, 2010
The dollar is narrowly mixed, with gains of 0.4% against sterling and 0.2% relative to the Australian and New Zealand dollars but drops of 0.3% against the Canadian dollar and 0.1% versus the Swiss franc. Dollar/yen and Euro/dollar are steady. Bini Smaghi of the ECB said the euro has weathered the crisis. Stocks in the […] More
