Archive for January 17th, 2014

Foreign Exchange Insights and Next Week

Next Week

January 17, 2014

Central banks in Canada, Japan, the Philippines, Thailand, Turkey and Hungary are scheduled to hold interest rate-deciding meetings next week.  The Bank of Canada releases a quarterly Monetary Policy Report, and the Bank of England will be publishing minutes from its policy meeting held earlier this month.  The Bank of Japan’s monthly economic assessment arrives.  […] More

Central Bank Watch

Central Bank of Chile Holds Interest Rate Steady

January 17, 2014

There was no rate reduction this time for a second straight monthly meeting, but a statement from Bank officials retains a policy bias toward easing: The Board estimates that in the coming months it might be necessary to increase the monetary stimulus to ensure that projected inflation will stand at 3% in the policy horizon. On-year […] More

New Overnight Developments Abroad - Daily Update

Sterling Boosted by Robust U.K. Retail Sales Data

January 17, 2014

British retail sales leaped 2.6% on month in December, lifting the 12-month increase threefold to 5.3%.  Non-auto sales went up 2.8% from November and by 6.1% from a year earlier. The Japanese cabinet upgraded its assessment of the economy to “recovering at a moderate pace” from December’s view that the “economy is on the way […] More