Archive for December 29th, 2011

Central Bank Watch

Taiwanese Monetary Policy Steady

December 29, 2011

Officials at the Central Bank of the Republic of China retained a 1.875% ten-day discount rate after the latest quarterly policy review.  Note was made of the constraining effects of Europe’s sovereign debt woes on the global and Taiwanese economies: “The slowing global economy has gradually shown its impact on Taiwan. Weaker demand from Taiwan’s […] More

New Overnight Developments Abroad - Daily Update

Dollar Strengthening on Penultimate Day of 2011

December 29, 2011

The dollar advanced 0.6% against the yen, 0.4% versus the euro and sterling, 0.3% relative to the Swissie and Australian dollar, 0.2% against the kiwi, and 0.1% versus the loonie.  The yuan is 0.1% firmer.  Stocks closed mixed in the Pacific Rim.  Share prices fell 1.2% in India, 0.7% in Hong Kong, 0.4% in Australia […] More