Deeper Analysis
July in Figures
July 31, 2014
Like an Olympic bicycle racing event, most of the financial market action in July happened at the end of the race. For the month as a whole, the dollar mostly rose, while share prices, commodities and bond yields mostly fell. None of the dollar’s year-to-date movements exceeded +/- 4.0%. 10-Yr Yield 07/02/14 Chg vs End-2Q […] More
Central Bank Watch
Czech National Bank Monetary Policy to Remain Accommodative
July 31, 2014
Extreme disinflation in the euro area forced Czech monetary policy to become progressively more accommodative during and since the Great Recession. From a high of 3.75% prior to a first cut in August 2008, the two-week Czech repo rate was cut eight times to 0.75% by June 2010 and three more times between June 2012 […] More
Central Bank Watch
Central Bank Interest Rate Hike in the Philippines
July 31, 2014
The Filipino key borrowing and lending rates were increased today by 25 basis points each to 3.75% and 5.75%. Opinion ahead of the Monetary Board meeting and Bangko Sentral ng Pilipinas had been mixed between those anticipating the tightening and those looking for no change. The move was described in a released statement as “preemptive” […] More
New Overnight Developments Abroad - Daily Update
Whole Lot of Data Getting Released
July 31, 2014
The deluge of monthend data releases continued on Thursday, but the dollar hasn’t reacted much, with no net change against the yen, yuan and kiwi, upticks of 0.1% versus the euro, Swissie and loonie, and gains of 0.2% relative to sterling and 0.4% vis-a-vis the Australian dollar. Share prices are mostly lower, but a 1.2% […] More
