Archive for August 29th, 2011

Central Bank Watch

Bank of Israel in Pause Mode with Lessening Urgency to Tighten

August 29, 2011

From a low of 0.5% prior to August 2009 when the Bank of Israel became the first central bank anywhere to tighten after the Great Recession, ten rate hikes had been implemented by May of this year.  Today, the Bank of Israel decided to extend its three-month policy pause at least for another month and […] More

New Overnight Developments Abroad - Daily Update

Swissie Weakens, Commodity Currencies Strengthen, and Irene Not as Bad as Feared

August 29, 2011

The U.S. dollar rose 1.1% against the Swiss franc but lost 0.6% against the Canadian dollar, 0.7% relative to the kiwi and 0.4% against the Aussie dollar.  Other dollar relationships are pretty steady, with dips of 0.1% against the euro, yuan and sterling and no change in the yen. Britain is closed for a late […] More