Foreign Exchange Insights and Next Week
Next Week
March 11, 2011
Central Banks interest-rate setting committees hold meeting next week in the United States, Japan, Norway, Switzerland, Poland, Hungary and Iceland. The Bank of Japan is also releasing a new monthly economic assessment and publishing minutes of a prior policy meeting. The United States has a large slate of indicators including consumer prices, producer prices, import […] More
Foreign Exchange Insights and Next Week
These are Trying, Confusing and… Yes, Even Interesting Times
March 11, 2011
Recovery from the severest global financial crisis and recession since the 1930s is less than two years old, and many advanced economies continue to experience crippling rates of unemployment that have kept central bank interest rates at historic lows. A tripling of oil prices from less than $34 per barrel in February 2009 to more […] More
Central Bank Watch
Malaysian Monetary Policy Unchanged but Statement Warns on Inflation
March 11, 2011
Bank Negara Malaysia kept its Overnight Policy Rate at 2.75%, the level since a 25-basis point hike last July. There were also 25-bp increases in March and May of 2010. On-year CPI inflation in January of 2.4% was up from 2.2% in December, and a statement from central bank officials observes “some incipient signs that […] More
Central Bank Watch
Peru Gets Another Central Bank Rate Hike
March 11, 2011
The Central Reserve Bank of Peru lifted its reference rate by 25 basis points for the third straight month and released a statement calling the action “preventive” in the face of rising world food and energy costs. Inflation stands at just 2.2%, but Peru has one of Latin America’s fastest-growing economies. The reference rate now becomes […] More
New Overnight Developments Abroad - Daily Update
8.9 Earthquake in Northeast Japan, Tsunami Warnings in the Pacific
March 11, 2011
Risk avoidance has been reinforced by Japan’s strongest quake in 100 years and the world’s severest in six years. Hawaii and other Pacific coasts are under a tsunami warning. Stocks fell sharply, but the yen is higher on view that quake will generate capital repatriations to Japan. Other concerns weighing on markets are 1) the […] More
