Deeper Analysis
July in Figures
July 31, 2012
European interest rates fell sharply at the short and long end in July. The U.S. yield curve flattened. The dollar fell against commodity-sensitive currencies and the yen, advanced against the euro and Swiss franc, and closed virtually unchanged against sterling and the Chinese yuan. Net movements in oil and gold prices were comparatively small especially […] More
Central Bank Watch
Reserve Bank of India Tweaks a Reserve Requirement but Leaves Repo Rate Unchanged at 8.0%
July 31, 2012
A statement from Indian monetary officials released after the latest quarterly economic review Left key interest rates steady. Reduced the Statutory Liquidity Ratio (SLR) to 23% from 24% effective August 11. The cash reserve requirement stays at 4.75%, however. Modified its 2012 projections for both GDP growth and WPI inflation. Upheld the primacy of containing […] More
Deeper Analysis
Slower Growth in Most Corners of the Globe
July 31, 2012
The final days of each month tend to be a rich minefield of economic data releases around the world. This update presents some of this month’s highlights, which collectively paint a picture of sluggish global activity. Perceptions about the United States are that trends are frustratingly sluggish but that conditions are not as poor as […] More
New Overnight Developments Abroad - Daily Update
Investors Brace for End-Month Flood of Information
July 31, 2012
Dollar movement overnight was limited to gains of 0.1% against the yen and sterling and losses of 0.3% versus the yuan, 0.2% against the euro, kiwi and Australian dollar, and 0.1% relative to the Swiss franc. The loonie is unchanged against its U.S. counterpart. Share prices advanced 2.1% in South Korea, 1.6% in Taiwan, 1.1% […] More
