Archive for April 11th, 2012

Central Bank Watch

Vietnam Gets a Second Central Bank Rate Reduction

April 11, 2012

The State Bank of Vietnam engineered the second 100-basis point cut of its refinancing rate.  The first ease was announced March 12, and two more such moves seem likely this year.  The benchmark rate had been slashed from 15% to 7% between October 2008 and April 2009 but in seven subsequent increases returned to 15% […] More

New Overnight Developments Abroad - Daily Update

Euro and European Stocks Strengthened Overnight

April 11, 2012

The U.S. dollar has relinquished 0.6% against the euro, sterling and Swiss franc.  The Greenback also lost 0.7% against the kiwi, 0.5% versus the Aussie dollar and 0.1% relative to the yen and yuan. After touching 2-month lows Tuesday, the German Dax and Paris Cac have traded 1.2% higher, while the British Ftse is up […] More