Archive for April 11th, 2014

Foreign Exchange Insights and Next Week

Next Week

April 11, 2014

The IMF/World Bank spring meetings in Washington, D.C. continue to run through the weekend of April 12-13.  Later today, a communique will be released jointly by the Group of Twenty finance ministers and central bank leaders.  Later next week, the Bank of Japan’s holds a quarterly branch managers meeting, the Federal Reserve Beige Book will […] More

Central Bank Watch

Central Reserve Bank Peru

April 11, 2014

Peru’s monetary policy bias remains skewed toward ease, but officials prefer to use non-interest rate instruments such as the further reserve requirement cut announced today after the monthly meeting.  The RR ratio drops to 12.0% from 12.5%, while the 4.0% reference interest rate was not changed.  This past November saw the reference rate reduced by […] More

New Overnight Developments Abroad - Daily Update

Rough Day Concludes Rough Week for Equities, Especially Tech Sector

April 11, 2014

Stocks in Europe have slumped so far by 1.8% in Germany and Switzerland, 1.7% in Spain, 1.4% in France and 1.2% in Britain and Italy. Japan’s Nikkei closed down 2.4%  and below the 14,000 level.  Stocks also dropped by 1.0% in Australia, 0.8% in Hong Kong, 0.6% in south Korea and 0.5% in New Zealand […] More