Deeper Analysis
Intervention
April 14, 2011
The edition of Foreign Exchange Insights posted on this site for March 18th began, “Using many arguments, analysts like to downplay the usefulness and effectiveness of currency market intervention whenever that policy tool is employed.” Sure enough, blogger Adam Kritzer screened an article yesterday, entitled What’s next for the yen in which he observes the […] More
Central Bank Watch
Singapore Dollar Re-Centered Upward
April 14, 2011
After its semi-annual monetary policy review, the Monetary Authority of Singapore (MAS) has re-centered the SGD target range upward but not so much that the range mid-point is above the currency’s present level. The width of the trading band and the angle of its upward slope will remain as such were. Last Octoberl, the range’s […] More
New Overnight Developments Abroad - Daily Update
Weaker Euro
April 14, 2011
The dollar rose 0.4% against the euro and is 1.0% stronger than yesterday’s low of 1.4523/EUR. The dollar also advanced 0.4% against the Canadian dollar, 0.2% relative to the Australian dollar and 0.1% against the kiwi. The dollar lost 0.6% against the yen and 0.2% relative to sterling and the Swiss franc. The yuan is […] More
