Archive for February 17th, 2010

Central Bank Watch

Bank of England’s Dilemma

February 17, 2010

To extend its asset purchases or not to extend them, that was the question that consumed the Monetary Policy Committee, according to minutes from its February 3-4 meeting.  In a “finely balanced” decision masked by the 9-0 unanimous vote to stop the asset purchase program for now, officials offered six reasons for leaving policy as […] More

New Overnight Developments Abroad - Daily Update

Stocks Again Up But So Is the Dollar

February 17, 2010

After falling sharply Tuesday, the dollar recovered 0.5% against the yen, 0.4% relative to the euro and Swissy, 0.3% against sterling, 0.2% against the kiwi and 0.1% against the Australian dollar.  The Canadian dollar is steady against its U.S. counterpart.  The Bank of Korea Governor opined that the dollar’s long-term trend is down. More