Archive for September 16th, 2015

Larry's Blog

Some Fundamental Beliefs

September 16, 2015

It’s been 49 years since I first studied economics and 40 years since I worked as an analysts in the Foreign Department of the New York Federal Reserve Bank.  Here’s a list — alas incomplete – of core beliefs acquired as a currency market watcher. Currency movements are often very counter-intuitive, and a single ill-advised […] More

Central Bank Watch

The Bank of Thailand Interest Rate Left Unchanged

September 16, 2015

There have been nine cuts of the one-day repo rate since November 2011, most recently in March and April of this year.  The current level, 1.50%, is just 25 basis points above the 66-year low hit in the Great Recession.  Thai monetary officials in their latest statement following a unanimous decision to keep policy unchanged […] More

New Overnight Developments Abroad - Daily Update

China Stocks Up, OECD Growth Forecasts Revised, and U.S. and Eurozone CPI Data Released

September 16, 2015

A 5% jump in China’s stock market led equities higher overnight, with other gains amounting to 2.3% in Hong Kong, 2.0% in South Korea, 1.6% in Australia, 1.0% in India, 0.8% in Japan, 0.9% in Taiwan, and so far 1.5% in Spain, 1.0% in Italy, 2.1% in Greece, 0.7% in Germany, 0.8% in Switzerland, and […] More