New Overnight Developments Abroad - Daily Update
AN ADMINISTRATIVE ANNOUNCEMENT
February 18, 2010
Currency Thoughts has attracted a wide variety of regular readers as well as casual visitors. In order to provide more focused service, we are now requiring registration for New Overnight Developments Abroad. Many professionals involved in FX trading as well as economists in academia rely on this feature to begin their day. It is a […] More
Deeper Analysis
Energy and Inflation
February 18, 2010
Most of the recent volatility in inflation has been caused by energy. Canadian non-energy consumer prices, reported today, rose 1.3% both in the year to January 2010 and the 12 months to September 2009. Total inflation in that interval, however, swung from an on-year decline of 0.9% to an increase of 1.9% over the same […] More
Central Bank Watch
Bank of Japan Not Walking the Talk
February 18, 2010
The Bank of Japan introduced no new measures to counter deflation after meeting over two days for a total of slightly more than five hours. February has often been a month when Japan’s central bank made dramatic policy initiatives, and Prime Minister Hatoyama’s government has publicly admonished the central bank for perhaps not doing all […] More
New Overnight Developments Abroad - Daily Update
Dollar Extends Recovery from Monday Lows
February 18, 2010
The dollar is 0.6% higher against sterling and shows gains of 0.4% against the kiwi, 0.3% versus the euro, Swiss franc and Aussie dollar and 0.1% relative to the Canadian dollar. The dollar has lost 0.4% versus the yen, which like the dollar benefits from worries about Europe’s debt and growth prospects. China and Taiwan […] More
