Archive for August 26th, 2010

Deeper Analysis

Now and Yen

August 26, 2010

Official concern about yen strength is palpable and mounting by the day.  Not since the last intervention in March 2004 has the possibility of government sales of yen been considered so carefully and so publicly.  This week the yen touched a record high of 105.44 per euro, and the currency’s high of 83.59 per dollar […] More

Central Bank Watch

Philippines’ Central Bank Rates Unchanged

August 26, 2010

The overnight borrowing rate of Bangko Sentral ng Pilipinas will remain at 4.0% as analysts expected.  A fairly sanguine statement released today by officials called monetary policy settings, which were last changed in July 2009, appropriate because of contained inflation and anchored inflation expectations.  The CPI is expected to stay confined to its target ranges […] More

New Overnight Developments Abroad - Daily Update

Firmer Equities, Softer Dollar but Not Against the Yen

August 26, 2010

Stocks in the Pacific Rim advanced by 0.8% in Australia and Malaysia, 0.7% in Japan, and 0.3% in China and India.  In Europe, the Paris Cac and British Ftse are 0.7% stronger, and the German Dax has edged 0.4% higher. Dollar/yen is steady at 84.60.  Together the two currencies lost 0.5% against the euro, sterling, […] More