Archive for June 29th, 2011

Deeper Analysis

Euroland Growth at a Glance

June 29, 2011

The euro area economy lost momentum late in the second quarter but continued to expand on the whole.  The table below looks at five key data series, comparing June readings to second-quarter average scores, first-quarter averages, December 2010 results, and lows reached in late 2008 or early 2009.  The indicators are Euroland’s composite purchasing managers […] More

Central Bank Watch

Romanian Monetary Policy Kept Unchanged

June 29, 2011

Romania’s monetary policy rate has been 6.25% since May 2010 and will remain at that level until at least the next meeting on August 3.  The central bank has not yet begun tightening, even tough CPI inflation of 8.4% as of May is twice as high as its level at the time of the May […] More

New Overnight Developments Abroad - Daily Update

Dollar Down Ahead of Greek Vote on Austerity Later Today

June 29, 2011

The euro topped $1.4400 for the first time in a week and is 0.4% higher on balance.  The dollar has also lost 1.2% against the kiwi, 0.6% relative to the Australian dollar, 0.5% versus the Canadian dollar, 0.2% against sterling, and 0.1% relative to the yuan.  Dollar/yen and dollar/Swiss are unchanged. Dollar/Swiss was as weak […] More