Archive for November 14th, 2013

Foreign Exchange Insights and Next Week

Defining Moments

November 14, 2013

The approaching 50th anniversary of former President Kennedy’s death offers an appropriate juncture to reflect on how well-prepared are foreign exchange markets to handle a truly transformative surprise.  Global GDP growth appears to be improving but from an extremely weak and fragile state.  Improvement is not widely felt by populations.  These are not satisfying times.  […] More

Central Bank Watch

Bank of Korean Base Rate Left at 2.5%

November 14, 2013

In a statement explaining today’s sixth straight monthly policy meeting decision not to change monetary policy, officials reaffirmed that South Korea’s output gap will remain negative for a considerable time going forward and The negative output gap is one of a number of factors that will keep inflation low for the time being. Exports have […] More

New Overnight Developments Abroad - Daily Update

A Mixed Bag of GDP Figures and Leaked Yellen Testimony

November 14, 2013

Japanese GDP expanded 1.9% at an annualized rate between 2Q and 3Q, down from 3.8% in the second quarter but a shade stronger than expected.  The GDP price deflator was 0.3% lower than a year earlier.  On-year GDP growth more than doubled to 2.7%.  Among components of demand, consumption rose 0.4%, nonresidential investment climbed 0.7%, […] More