Archive for April 25th, 2011

Deeper Analysis

Dollar Seemingly Weak on Diversification

April 25, 2011

The U.S. currency continues to struggle even against the euro, which some analysts early this year predicted would make a run at parity because of Europe’s sovereign debt crisis.  That crisis has been every bit as bad as imagined, attested by the extremely wide Greek, Irish and Portuguese bond premiums over German bunds.  The dollar […] More

Central Bank Watch

Bank of Israel Interest Rate Left at 3.0%

April 25, 2011

The Bank of Israel paused monetary policy tightening this month, having already lifted its base rate by 100 basis points in three successive moves during the first quarter of 2011.  That advance, including a stepped-up 50-basis point hike in late March, exceeded the combined increases of 75 basis points each in calendar 2009 and 2010.  […] More

New Overnight Developments Abroad - Daily Update

Commodity Prices Up This Easter Monday

April 25, 2011

Markets remain closed in Australia, New Zealand, Hong Kong and much of Europe, including Germany, Switzerland, Italy, the U.K. and France. Silver rose over 3% to a 31-year high of $49.79.  Gold touched a record peak of $1518.32 and is 0.9% higher on balance at $1517.70 per ounce. Oil climbed 0.4% to $112.73 per barrel. […] More