Archive for April 17th, 2015

Deeper Analysis

Communique from G20 Finance Ministers and Central Bankers Unlikely to Be a Market Mover

April 17, 2015

The released two-page statement after meetings over two days in Washington contains little to excite market players.  Currency policy is boiled down to a single sentence: “We reaffirm our previous exchange rate commitments and will resist protectionism.”  The negotiations between the Greek government and its creditors is not addressed explicitly.  On the matter of global […] More

Foreign Exchange Insights and Next Week

Next Week

April 17, 2015

Central Bank Watch:  Hungary and Turkey hold interest rate policy meetings.  Minutes will be published from the policy meetings in Britain and Australia held earlier this month.  RBA Governor Stevens and BOJ Deputy Governor Nakaso speak publicly. Special Meetings:  The semi-annual IMF meetings in Washington run April 17-19.  A meeting of eurozone finance ministers is […] More

New Overnight Developments Abroad - Daily Update

Large Setback in European Share Prices

April 17, 2015

Markets are hedging against the once-unthinkable possibilities of a Greek debt default or Greece leaving the common European currency area or both, and there is fear that the consequences will not hit Greece alone. Share prices have dropped by 2.2% in Italy, 2.1% in Spain, 1.9% in Germany, 1.4% in France, 1.2% in Greece and […] More