Archive for September 20th, 2013

Foreign Exchange Insights and Next Week

Next Week

September 20, 2013

In the coming week, Germans elect the national parliament from whom Angela Merkel of the center-right Christian Democrats is likely to secure a third four-year term as Chancellor but governing in a Grand right-left coalition as she did in her first term.  For the past four years, the pro-market Free Democrats were the junior ruling […] More

Central Bank Watch

Reserve Bank of India Opens a New Box of Tools

September 20, 2013

2013 has been a difficult year for the Indian rupee, which despite some appreciation in September is down over 13% against the dollar since end-2012.  The exchange rate has been hit by elevated inflation, disappointing growth, a chronic current account deficit equal to about 4.5% of GDP, and rising global long-term interest rates.  A number […] More

New Overnight Developments Abroad - Daily Update

Looking Ahead to German Election, Fed Chairperson Nomination, and U.S. Fiscal Showdown

September 20, 2013

It’s been a comparatively quiet end to an exhausting week.  On the immediate horizon is Sunday’s German parliamentary election, with polls showing a likely Grand Right-Left coalition led by Angela Merkel.  President Obama is expected to nominate Janet Yellen, the current Fed Vice-Chairperson, to follow Bernanke.  It’s believed that a potential crisis over raising the […] More