Foreign Exchange Insights and Next Week
Financial Trick or Treat
October 22, 2014
The ‘Trick or Treat’ greeting of Halloween revelers offers a choice of extremes. The handover of a holiday sweet is a happy moment for giver and receiver alike, while the contrary exchange of an act of vandalism for getting no candy leaves all parties dissatisfied. There’s no middle ground, and so it has been for […] More
Central Bank Watch
Bank of Canada Keeps Four-Year-Old Policy Settings But Shares New Kernels of Wisdom
October 22, 2014
The monetary policy interest rate target has been at 1.0% since a 25-basis point hike in September 2010. Following a quarterly review, that level is still considered appropriate, according to a statement released today. The statement and accompanying Monetary Policy Report convey numerous insights into the latest thinking of Canada’s monetary policymakers. Canada’s output gap […] More
New Overnight Developments Abroad - Daily Update
Focus on Lessening Inflation
October 22, 2014
The latest monthly economic assessment from Japan’s government downgraded its view on consumer prices from “rising moderately” to “rising at a slower tempo recently.” The overall view of the economy also was downgraded to “is on a moderate recovery, while weakness can be seen recently.” Australian third-quarter consumer price data revealed the smallest quarter-on-quarter rise […] More
