Archive for March 21st, 2014

Central Bank Watch

Central Bank of Sri Lanka

March 21, 2014

For a second meeting since a 50-basis point cut of the Sri Lankan reverse repo rate to 8.0% — a move that was opposed by the IMF — officials elected not to change either that interest rate or the borrowing repo rate of 6.5%.  Both rates had been cut by 25 basis points in December […] More

Foreign Exchange Insights and Next Week

Next Week

March 21, 2014

Central bank interest policy meetings are planned next week in Hungary, Romania, the Czech Republic, Israel, the Philippines, Norway, and South Africa.  The latest set of U.S. bank stress tests will be reported by the Federal Reserve on Wednesday.  Lockhart, Plosser, Bullard, George and Evans are among the Fed officials speaking publicly.  The Swiss quarterly […] More

New Overnight Developments Abroad - Daily Update

Scant Change in Dollar

March 21, 2014

The dollar is unchanged from Thursday closing levels against the yuan, loonie and sterling.  The U.S. currency lost 0.1% relative to the yen, euro and Swissie and shows larger 0.4% declines versus the Australian and New Zealand dollars. Asian share prices rebounded 3.4% in China, 1.2% in Hong Kong, 0.8% in Australia and South Korea […] More