Foreign Exchange Insights and Next Week
Next Week
February 18, 2011
The two-day summit of G20 finance ministers and central bankers concludes Saturday. Minutes from meetings of the Bank of Japan Policy Board and the Bank of England Monetary Policy Committee will be published next week, and a policy announcement will be made by the Magyar Nemzeti Bank in Hungary. U.S. markets will be shut on […] More
Foreign Exchange Insights and Next Week
Bad Week for the Dollar
February 18, 2011
At 17:30 GMT today, the dollar showed losses for the week of February 18 of 2.7% against the Swiss franc, 1.4% against sterling, 1.3% versus the Australian dollar, 1.0% against the euro, 0.4% against the New Zealand and Canadian dollars, and 0.3% against the yen and yuan. The backdrop to this across-the-board depreciation of the […] More
New Overnight Developments Abroad - Daily Update
Chinese Reserve Requirements Tightened as G20 Finance Ministers Meet
February 18, 2011
Reserve ratios for large Chinese banks were lifted to 19.5% from 19.0%, effective February 24. There had been six increases of the ratio during 2010, the final three of which were crammed into five weeks in November and December. Last October, December and January, officials at the Peoples Bank of China raised interest rates by […] More
