Central Bank Watch
Previews: Swedish Riksbank and Bank of Canada
October 18, 2010
Monetary policymakers are holding their penultimate interest rate meetings of 2010 this week and will be announcing their decisions on Tuesday. Each of these banks has begun to normalize interest rates, but neither is likely to extend that process at this time. Sweden’s repo rate will hold at 0.75%, and Canada’s overnight money rate should […] More
New Overnight Developments Abroad - Daily Update
Stronger Dollar to Start Week
October 18, 2010
The dollar has recovered 1.0% against the loonie, 0.6% versus sterling, 0.4% against the euro, 0.3% vis-a-vis the Australian dollar, and 0.1% against the kiwi. The greenback is steady against the yuan and 0.3% weaker relative to the yen. The mostly firmer dollar follows Bernanke’s pre-weekend remarks that solidified the likelihood of Fed quantitative easing […] More
