Archive for August 8th, 2012

Central Bank Watch

Bank of Japan Preview

August 8, 2012

The most intriguing aspect of this month’s meeting of the Bank of Japan’s Policy Board is a new composition of membership.  With the additions of Takahide Kuichi and Takehiro Sato, the nine-person committee will be fully staffed for the first time since April.  The new policymakers are trained economists, who worked previously in that capacity […] More

New Overnight Developments Abroad - Daily Update

European Equities and Euro Turn Lower

August 8, 2012

The euro and Swiss franc that shadows it are each 0.3% weaker against the dollar, which otherwise has lost 0.4% versus the yen, 0.2% relative to sterling and 0.1% against the Australian dollar and yuan.  The greenback has edged 0.1% higher against the kiwi. Stock prices are down 1.5% in Spain, 0.5% in Britain and […] More