Foreign Exchange Insights and Next Week
Economic Growth May Not Remain as Stratified as Assumed
October 8, 2014
The case for continuing dollar appreciation seems very strong based on diverse growth trends, interest rate differentials, and credit policy situations between the United States on the one hand and the euro area and Japan on the other. New IMF forecasts released this week project 2015 average GDP growth of 3.0% in the United States […] More
Central Bank Watch
National Bank of Poland
October 8, 2014
A 15-month pause in interest rate cutting ended today. Poland’s Monetary Policy Council voted to cut its key reference rate by a greater-than-expected 50 basis points to 2.0%. The Lombard rate was trimmed to 3% from 4%, narrowing the corridor between its level and the deposit rate, which remains at 1.0%. The central bank’s rediscount […] More
New Overnight Developments Abroad - Daily Update
Concern about World Growth and Fed Tightening Still Weighing on Stocks
October 8, 2014
Equities in the Pacific Rim closed down 1.2% in Japan, 1.5% in Indonesia, 1.0% in Taiwan, 0.7% in Hong Kong and 0.8% in Australia. The reopened Chinese market after a week’s closure rose 1.1%, but that’s the exception. Stocks in Europe are down by 0.9% in Switzerland, 0.8% in Germany, 0.7% in France, 0.6% in […] More
