Foreign Exchange Insights and Next Week
Next Week
March 28, 2014
The upcoming week includes the cusp between the first and second calendar quarters. European clocks move up an hour on March 30, restoring the normal 5-hour gap between New York and London and 6-hour difference between Paris and New York. A slew of manufacturing, service-sector, and composite purchasing manager surveys will be released, as well […] More
Central Bank Watch
National Bank of Romania Confirms Paused Policy
March 28, 2014
Romania’s monetary policy rate had been reduced by a total of 175 basis points since mid-2013 including a cut of 25 bps in February when officials hinted that easing might then be paused. This indeed is the case. After this month’s meeting, officials retained the record low 3.5% interest rate and did not change reserve […] More
New Overnight Developments Abroad - Daily Update
Euroland Sentiment Indices Unexpectedly Buoyant
March 28, 2014
The dollar has risen 0.2% against the yen and 0.1% versus the Swiss franc and Australian dollar but also shows losses of 0.1% against hte kiwi, loonie and sterling. The yuan and euro are unchanged against the dollar. Share prices in the Pacific Rim climbed 1.1% in Hong Kong, 1.0% in Indonesia, 0.6% in India, […] More
