Archive for August 25th, 2010

Deeper Analysis

Fading Thrill of Global Growth

August 25, 2010

Economic prospects can change in a hurry.  Revised growth projections released last month by the International Monetary Fund were quite respectable.  The IMF staff was looking for a second straight year of 4%+ global growth in 2011.  Emerging and developing nations would expand almost 7%, three times faster than the advanced nations.  Within the latter […] More

Central Bank Watch

Thailand Gets a Second 25-Basis Point Monetary Tightening

August 25, 2010

The Bank of Thailand’s one-day repo rate was raised to 1.75% following a 25-basis point initial increase to 1.50% announced July 14.  Officials released a statement noting that second quarter GDP growth of 0.2% from 1Q and 9% from 2Q09 had been faster than expected.  Sectors that could have been hurt by earlier political unrest […] More

New Overnight Developments Abroad - Daily Update

Japan’s Finance Minister Elevates Yen Warning

August 25, 2010

The yen is 0.5% lower after Finance Minister Noda warned of “appropriate action” against strengthening yen.  Overnight yen highs were at 83.88 per dollar and 105.86 per euro prior to the remark. The dollar otherwise is unchanged against the euro, Canadian dollar and sterling, off 0.1% relative to the Swiss franc and Australian dollar and […] More