Archive for August 25th, 2011

Central Bank Watch

Return of the Chairman

August 25, 2011

Hope has ebbed progressively all week that Federal Chairman will pre-announce a new monetary stimulus in his Jackson Hole speech Friday, just as he did exactly a year ago.  Not only did central bank spokesmen say nothing during the week to encourage the high hopes of last Monday, but the press and business talk shows […] More

Deeper Analysis

Footprints of Diversification from Dollar

August 25, 2011

From its highs in 2010 to its lows this year, the U.S. dollar fell over 10% against assorted other widely traded currencies, and it is quoted presently much nearer to the 2011 lows than the 2010 highs. Dollar vs 2010 High 2011 Low % Change 08/25/11 Euro 1.1875 1.4939 -20.5% 1.4408 Yen 94.98 75.93 -20.1% […] More

New Overnight Developments Abroad - Daily Update

Jackson Hole Expectations Dumbed Down

August 25, 2011

The annual Jackson Hole symposium sponsored by the Kansas City Fed begins today, with Bernanke speaking at 14:00 GMT tomorrow.  Analysts have scaled back their expectations that he might unveil significant stimulus. The dollar is narrowly mixed, rising 0.4% against the kiwi, 0.2% relative to the yen, and 0.1% versus the Aussie dollar but easing […] More