Archive for February 15th, 2013

Foreign Exchange Insights and Next Week

Next Week

February 15, 2013

The meeting of G20 finance ministers and central bank leaders concludes tomorrow.  China reopens for business after the week-long Lunar New Year celebration, but next week opens with Monday holiday closures in the United States for President’s Day and Canada for Family Day.  On the central banking beat, Turkey and Thailand hold interest rate meetings […] More

Central Bank Watch

Central Bank of Chile Leaves Overnight Interest Rate at 5.0%

February 15, 2013

The interest rate benchmark has been steady since a 25-basis point cut in January 2012, which was the one and only reduction so far.  No second reduction is in sight, since Chilean economic growth exceeds 5% and is surpassed in Latin America by only Peru.  Nor is a rate hike in the immediate offing, since […] More

New Overnight Developments Abroad - Daily Update

Russian Happenings

February 15, 2013

A large meteorite fell to earth in Chebarkul near the Ural Mountains, injuring about 300 people. G20 central bank leaders and finance ministers meanwhile began the first session of a two-day meeting in Moscow.  Foreign exchange traders eagerly await the formal text that emerges.  A Russian deputy finance minister said the statement will not single […] More