Foreign Exchange Insights and Next Week
Next Week
January 14, 2011
U.S. markets are closed Monday for Martin Luther King’s birthday. Central bank interest rate meetings will be held next week in Canada, Brazil, Mexico, Poland and Turkey. The Bank of Canada publishes its quarterly Monetary Policy Report, and the monthly ECB Bulletin will be released. This is the week when the British data calendar is […] More
Foreign Exchange Insights and Next Week
Currency Market Expectations Remain Fluid
January 14, 2011
After the first half of January, a time usually when currency views solidify, attitudes about how the dollar and other key currencies will perform in 2011 remain a work in progress and not backed by strong conviction or widespread consensus. Last year was not an especially good one for the U.S. currency considering the euro […] More
New Overnight Developments Abroad - Daily Update
China’s Reserve Requirement Tightened
January 14, 2011
The People’s Bank of China raised reserve requirements. For big banks, such will become 19% on January 20, up from 18.5%. There have so far been seven increases of reserve requirements and two interest rate hikes, the last one of those getting announced on December 25. More tightening lies ahead, as inflation continues to trend […] More
