Larry's Blog
Currency Thoughts Selected as a Top Forex Blog
October 25, 2011
In a review carried in Money & Business of best forex blogs authored by James Dempsey of The Writers Network, Currency Thoughts was selected as one of the three top foreign exchange trading blogs. Copyright 2011, Larry Greenberg. More
Deeper Analysis
More Evidence Surfaces of Economic Weakness
October 25, 2011
Here’s an inventory of some of the data disappointments that have arisen yesterday and today. Semi-annual revisions raised 2010 estimated euro area deficit- and debt-to-GDP ratios. The euro-17 deficit equaled 6.2% of GDP, over twice the targeted limit defined the common currency area’s founding documents. Last April, the 2010 estimated deficit ratio was 6.0%. Government […] More
Central Bank Watch
Dovish Statement from the Bank of Canada
October 25, 2011
The Bank of Canada left its 1.0% overnight money target unchanged as expected and released a more dovish statement than it had in September and much more dovish remarks than provided in July. In June, July, and September of 2010, three increases of 25 basis points were implemented, but no rate changes have been made […] More
Central Bank Watch
India’s Thirteenth Interest Rate Hike of this Tightening Cycle
October 25, 2011
Seven interest rate hikes so far in 2011 total 225 basis points and bring the levels of the repo (central bank lending) rate to 8.5% and of the reverse repo to 7.5%. The reserve requirement ratio was held steady at 6%, as it had at the previous policy meeting on September 16th. In 2010, there […] More
New Overnight Developments Abroad - Daily Update
Ezone Crisis Resolution Remains in Doubt
October 25, 2011
Overnight currency movement has been constrained outside of a 0.6% drop in the kiwi. The U.S. dollar dipped 0.3% against the loonie, 0.2% relative to the Swissie and sterling, and 0.1% versus the euro, and it is unchanged against the yuan and Australian dollar. In the Pacific Rim, equities were mixed. Advances were recorded of […] More
