Archive for August 26th, 2014

Central Bank Watch

Magyar Nemzeti Bank

August 26, 2014

Monetary Council officials signaled last month that a two-year cycle of central bank reductions totaling 490 basis points from 7.0% prior to August 2012 to the current level of 2.10% had been completed.  So it was no surprise to investors to learn today of this month’s Council decision to leave the rate at 2.10%.  A […] More

New Overnight Developments Abroad - Daily Update

Euro Weak but Not Weaker in Early Tuesday Trading

August 26, 2014

The post-Jackson Hole soft tone in the euro continued, but the common currency’s losses haven’t been extended.  Investors believe quantitative easing by the ECB is coming, and there’s speculation of a mutually beneficial accord between Draghi and Yellen to promote euro depreciation.  The euro is trading marginally below $1.32 and lies also south of CHF […] More