Archive for October 22nd, 2012

Central Bank Watch

Bank of Canada Preview: No Rate Change Likely

October 22, 2012

The penultimate pre-scheduled interest rate announcement of 2012 will be made at 09:00 EDT on Tuesday.  The overnight interest rate target has been at 1.0% since September 2010, but the previous four statements in April, June, July and September set an upwardly biased future guideline: To the extent that the economic expansion continues and the […] More

New Overnight Developments Abroad - Daily Update

Further Weakening of Japanese Yen

October 22, 2012

The dollar has climbed 0.6% against the yen but fallen by 0.4% versus the euro and kiwi, 0.3% against sterling, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the loonie.  The Australian dollar and Chinese yuan are unchanged. The Hong Kong Monetary Authority sold local currency against the U.S. dollar, its first intervention since […] More