Foreign Exchange Insights and Next Week
Next Week
October 12, 2012
During the week to October 19, central banks in Turkey and Thailand hold central bank interest rate policy meetings, and minutes from this month’s Bank of England and Reserve Bank of Australia meetings will be published. The second Obama-Romney presidential debate happens on Tuesday, and leaders of the EU hold a summit on Thursday and […] More
Central Bank Watch
Singapore’s Semi-Annual Monetary Policy Review
October 12, 2012
The global economy is likely to experience an extended period of slow growth. Against this backdrop, the Singapore economy should continue to expand but at a modest pace in 2012 and 2013. The labor market should remain tight. The appreciating stance of exchange rate policy since April 2010 has provided some restraint on the build-up […] More
Foreign Exchange Insights and Next Week
This Year’s Paradox of Foreign Exchange
October 12, 2012
Managing risk in this year of daunting uncertainty has been extremely difficult. The paradox is that key currency pairs have been comparatively stable. I submit that it is reasonable to presume that uncertainty would correlate positively with cumulating currency movement. This certainly happened after the October 1987 single-day 22.6% crash of the U.S. stock market. […] More
New Overnight Developments Abroad - Daily Update
Focus on Europe and China
October 12, 2012
A who’s who list of officials have gathered in Tokyo for the IMF/World Bank semi-annual meetings. G7 finance ministers are met today on the sidelines. Investors hope that Spain will finally request an aid package and that China’s central bank will ease monetary policy. As in August and September, Japan’s government again lowered its assessment […] More
