Archive for February 14th, 2014

Central Bank Watch

Central Reserve Bank of Peru Maintains an Easing Bias

February 14, 2014

The Peruvian reference interest rate, which was cut by 25 basis points to 4.0% in mid-November but left unchanged last month, was retained again after officials met yesterday.  However, reserve requirements were cut: “The rate of maximum mean reserve requirements and marginal reserve requirements in domestic currency was lowered from 14 to 13 percent….. The […] More

Foreign Exchange Insights and Next Week

Next Week

February 14, 2014

U.S. markets will be closed Monday for President’s Day.  European finance ministers hold another meeting early in the week.  The EU Commission will be releasing new forecasts. On the central bank watching front, interest rate policy meetings are scheduled in Japan, Turkey and Hungary.  Meetings of prior policy meetings get published by the FOMC, Reserve […] More

New Overnight Developments Abroad - Daily Update

European GDP Growth Last Quarter Beats Expectations and Lifts Euro

February 14, 2014

The dollar had depreciated by 0.9% against the Swiss franc, 0.8% relative to the euro, and 0.7% versus sterling.  The greenback also lost 0.6% against the yen, 0.7% versus the kiwi, and 0.4% relative to the loonie. There’s been a dip of 0.1% against the Aussie dollar and a 0.1% uptick versus the yuan. The […] More