Foreign Exchange Insights and Next Week
Emerging Market Currencies Is Where the Action Lies
April 16, 2014
The unremarkable changes in dollar values against other advanced economy currencies has been a frequent theme lately of the weekly currency market essay. Regrettably, that stability has continued in April, where month-to-date dollar declines amount so far to 1.2% against the Aussie dollar, 1.0% versus the yen, 0.8% relative to sterling, 0.3% vis-a-vis the loonie […] More
Central Bank Watch
Bank of Canada Keeps 1.0% Overnight Interest Rate Target, Calling Policy Stance Appropriate
April 16, 2014
The third scheduled interest rate announcement of 2014 coincided with the release of a new Monetary Policy Report. Estimates for 2016 have been added to the Bank of Canada’s macroeconomic forecasts. While core inflation is seen hovering at 1.2% in the first half of this year and not returning to the 2.0% target until the […] More
New Overnight Developments Abroad - Daily Update
Lots of Data and a Better Tone in Equities
April 16, 2014
Japan’s Nikkei catapulted 3.0% higher, and stocks so far in Europe are up by 2.0% in Italy, 1.1% in Spain, 0.9% in France, 0.8% in Germany, 0.5% in Switzerland and 0.3% in Britain. In other selected markets around the Pacific Rim, stocks gained 0.6% in Australia, 0.3% in New Zealand, 0.2% in Singapore and 0.1% […] More
