Archive for February 8th, 2013

Foreign Exchange Insights and Next Week

Next Week

February 8, 2013

On the central banking beat, interest rate policy meetings are scheduled next week in South Korea, Sweden, Japan and Indonesia.  The Bank of England’s quarterly Inflation Report, the ECB’s monthly Bulletin, and the BOJ’s monthly economic assessment get published, and central bank chiefs from the Group of Twenty will join finance ministers to meet on […] More

Central Bank Watch

Unchanged Peruvian Monetary Policy

February 8, 2013

The Central Reserve Bank of Peru’s monetary policy interest rate was left at 4.25% yet again.  It’s been at that level since a 25 basis point hike in May 2011.  The rate was cut during 2009 from 6.5% to 1.25%, then raised by 175 bps during 2010 and by another 125 bps in the first […] More

New Overnight Developments Abroad - Daily Update

Yen Surprise

February 8, 2013

The Japanese yen rose 1.1% against the dollar, strengthened by the remarks of Finance Minister Aso that the currency’s fall from 78 through 90 had been faster than expected.  There was confusion around the translation of exactly what he said.  Make no mistake, however, officials led by Aso and Abe had previously engaged in verbal […] More