Archive for November 1st, 2010

Central Bank Watch

Reserve Bank of Australia Preview: Finely Balanced Decision

November 1, 2010

The RBA’s monthly interest rate decision will be revealed at 03:30 GMT on Tuesday.  Whether the Official Cash Rate is kept steady at 4.5% or raised to 4.75% will probably be a closer choice than suggested by the 3:1 skewed bias of analyst forecasts.  Six increases were spaced between October 2009 and May 2010. Some […] More

New Overnight Developments Abroad - Daily Update

Manufacturing Purchasing Manager Surveys Released

November 1, 2010

The dollar firmed 0.4% against the Swiss franc and briefly touched 80.25/USD overnight, just 40 pips from its 1995 record high.  The dollar also fell 0.7% against the Australian dollar, 0.5% versus the kiwi, 0.3% relative to the Chines yuan and euro, and 0.2% against the Canadian dollar and sterling. Asian stocks rose in response […] More