Central Bank Watch
Bank of Japan Preview
October 4, 2010
Markets are rife with speculation that the BOJ Policy Board will announce some kind of quantitative easing after meeting Monday and Tuesday of this week. Often, gestures from Japanese officials turn out to be insignificant and made to ameliorate political pressure for easier monetary policy. This history makes it difficult to impress the market even […] More
Central Bank Watch
Australian Interest Rate Preview
October 4, 2010
The Reserve Bank’s October interest rate decision will be revealed at 03:30 GMT Tuesday. A majority, but not all, pundits project a 25-basis point Official Cash Rate increase to 4.75%. The last tightening was undertaken five months ago. It was the sixth rise since last October. When officials earlier had feared a recession, the OCR […] More
New Overnight Developments Abroad - Daily Update
Dollar Recovers Partly at Start of New Week
October 4, 2010
The dollar is higher, European stocks are lower, China was closed, and markets await central bank decisions and U.S. labor market data. British, U.S. and Japanese travelers are being warned about escalated dangers of terrorism in continental Europe at hotels, modes of transportation, and other places where tourists might be. The dollar recouped 0.7% against […] More
