Central Bank Watch
FOMC’s Six-Month Rule: Some Background
March 15, 2010
The Federal Open Market Committee will release a new policy statement at around 18:15 GMT on Tuesday. Analysts are not expecting significant changes, and the state of finance reform legislation in the senate, which would affect the Fed in profound ways, has diverted the press attention this week from the policy meeting. That this is […] More
Deeper Analysis
U.S. Capital Flows and the Dollar
March 15, 2010
According to Treasury Department data released today, net U.S. capital inflows contracted abruptly in January, a month that saw the dollar advance by 3.2% against the euro, 2.6% against the Swiss franc, and 1.1% relative to sterling. Against commodity-sensitive currencies, the dollar appreciated 3.6% against the kiwi, 2.1% against the Canadian dollar and 1.6% against […] More
New Overnight Developments Abroad - Daily Update
Sterling Weakens on Debt Warning
March 15, 2010
A warning from the Moody’s rating agency that Britain and the United States are closer to losing their AAA ratings hit the pound but not the dollar. Sterling fell 1.0% against the greenback, which otherwise firmed 0.3% against the euro and 0.2% against the yen, Swiss franc and Australian dollar. The Canadian and New Zealand […] More
