Archive for February 13th, 2012

Central Bank Watch

Possibility that Bank of Japan Will Expand Quantitative Easing on Tuesday

February 13, 2012

The BOJ monthly Policy Board meeting is being held on Monday and Tuesday of this week.  Fittingly in the face of deflation and perennially soft real growth in Japan, monetary policy there needs to be very accommodative.  Economic conditions worsened in 2011 because of an elevated yen, which hit a record high of 75.55 per […] More

New Overnight Developments Abroad - Daily Update

Markets React as Greek Lawmakers Approve Austerity Measures by 199-74 Vote

February 13, 2012

The dollar and yen are unchanged against each other but down against other major currencies.  The greenback fell overnight by 1.1% against the kiwi, 0.8% versus the Australian dollar, 0.5% relative to the euro and Swissie, 0.4% against sterling and 0.3% against the loonie.  The yuan is steady. Oil and gold prices rose 1.0% and […] More