Deeper Analysis
Administrative Announcement: A Million Words and Counting
June 3, 2010
Currency Thoughts on Wednesday reached an ambitious goal and one I hoped might be possible when this project began just over two years ago — to create over a million meaningful words of content on the site. This is not the end of the story but a time to pause and reflect about the future, […] More
Central Bank Watch
Bank Indonesia Kept Benchmark Interest Rate at 6.5%
June 3, 2010
It came as no surprise that Indonesia’s key interest rate was held steady. It’s been at 6.5% since August 2009 after nine consecutive monthly reductions totaling 300 basis points. A statement from Bank Indonesia dismisses the rise of CPI inflation to 4.2% in May from 3.9% in April as being cause by volatile factors and […] More
Central Bank Watch
Record Low 4.0% Overnight Borrowing Rate Retained in the Philippines
June 3, 2010
A significant minority of analysts had thought Bangko Sentral ng Pilipinas would begin tightening this month, but a statement released by monetary policy makers defended the status quo with downwardly revised inflation forecasts based on lower energy prices, slower domestic liquidity expansion, and the potential growth-dampening effects of the European debt crisis. Filipino officials now […] More
New Overnight Developments Abroad - Daily Update
Equities Strengthened in Asia and Europe
June 3, 2010
The dollar advanced 0.6% against the yen and 0.1% versus the Swiss franc, but the greenback has lost 0.8% against the Australian dollar, 0.6% relative to the New Zealand dollar, 0.2% against sterling, and 0.1% against the euro and Canadian dollar. Japan’s Nikkei-225 jumped 3.2% despite a Finance Ministry corporate survey showing an 11.5% on-year […] More
