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
