Central Bank Watch
Bank of Canada Interest Rate Preview
July 19, 2010
The fifth out of eight scheduled interest rate decisions in 2010 will be unveiled at 13:00 GMT Tuesday. Analysts will be combing tomorrow’s statement for clues to whether more tightening is coming in the near term. There’s little doubt that tomorrow will see a second increase to 0.75%, which will put the Bank of Canada […] More
Central Bank Watch
Hungary’s Monetary Policy Bias Pivots
July 19, 2010
Magyar Nemzeti Bank officials left their key interest rate at 5.25% as they had done at their June and May meetings and as analysts were expected. But for the first time, an explicit possibility of a rate hike is mentioned; the second to last sentence of a statement released today reads, “A sustained increase in […] More
New Overnight Developments Abroad - Daily Update
Japanese Officials Concerned About Yen’s Strength
July 19, 2010
The dollar recovered 0.4% against the yen amid rumors BOJ might ease if yen stays near 85 per dollar level. The dollar also gained 0.7% against the kiwi, 0.2% versus the loonie, and 0.1% relative to the Swiss franc, Aussie dollar, Chinese yuan and sterling. The greenback slipped 0.3% against the euro. The Hungarian forint […] More
