Archive for June 8th, 2012

Foreign Exchange Insights and Next Week

Next Week

June 8, 2012

Central bank interest rate policy meetings are planned next week in Japan, Switzerland, New Zealand, Indonesia, The Philippines, and Thailand.  The monthly ECB Bulletin will be published. Australia observes the Queen’s Birthday holiday on Monday. Several indicators are each being announced in numerous countries. Consumer prices will be released in China, the United States, Sweden, […] More

Central Bank Watch

Bank of Korea: No Change Again in Key Interest Rate

June 8, 2012

The last change in the South Korea’s seven-day repo rate came one year ago and culminated a sequence of five 25-basis point increases made in July 2010, November 2010, January 2011, March 2011 and June 2011.  Over that period, the key rate climbed from 2.0%, the Great Recession low, to 3.25%, its current and continuing […] More

New Overnight Developments Abroad - Daily Update

Weaker Stocks, Stronger Dollar, Lots of Data Released

June 8, 2012

The dollar and yen climbed overnight by 1.1% against the euro and Swiss franc, 0.8% versus the kiwi, Aussie dollar and sterling, 0.7% relative to the loonie and 0.1% against the yuan. Equities slumped 2.1% in Japan, 1.1% in Australia, 0.9% in Hong Kong, 0.8% in Singapore, 0.7% in China, South Korea and New Zealand, […] More