Foreign Exchange Insights and Next Week
Next Week
April 12, 2013
Central Bank policy meetings are scheduled next week in Canada, Sweden and Turkey. The Bank of Canada will be releasing a new Monetary Policy Report. The Reserve Bank of Australia and Bank of England release minutes of their April meetings, and the Federal Reserve publishes the Beige Book. Evans, Yellen, Duke, Bullard, Lacker, Raskin, Stein, […] More
Central Bank Watch
Central Bank of Chile
April 12, 2013
At Thursday’s meeting, the BCC Board retained a 5.0% monetary policy interest rate for the fifteenth straight time. The last change, a cut of 25 basis points in January 2012, was the first reduction in over two years. Today’s statement from officials noted recently lower prices for commodities especially copper, the sharp drop of the […] More
Central Bank Watch
Peruvian Interest Rate Unchanged
April 12, 2013
The reference interest rate of the Central Reserve Bank of Peru will continue to be 4.25%, where such has been since a 25-basis point increase in May 2011. That hike culminated a series of increases totaling 175 basis points in 2010 and 125 bps in the first five months of 2011. Officials had slashed the […] More
Central Bank Watch
Monetary Authority of Singapore Leaves Policy Stance Unchanged
April 12, 2013
Singapore subordinates domestic interest rate policy to an exchange rate target corridor, which is reviews every April and October. The latest semi-annual review concluded with no change in the slope or width of the policy band for the Singapore dollar’s nominal effective policy band (S$NEER). The level at which the band is centered was likewise […] More
New Overnight Developments Abroad - Daily Update
Weak Market Tone to End Decent Week
April 12, 2013
Share prices in Europe and Asia had a difficult session. Japan’s ten-year JGB yield climbed five basis points and is over 15 basis points above recent low. The dollar is up 0.7% against the euro but down 0.6% against the yen in a reversal of recent movements. Euroland industrial production data were disappointing. Investors now […] More
