Archive for March 10th, 2021

Central Bank Watch

Bank of Canada Reaffirms Existing Monetary Policy Settings

March 10, 2021

When the pandemic struck a year ago, the Bank of Canada’s Governing Council compressed the reduction of its overnight policy rate into a trio of 50-basis point cuts all in March to the record low of 0.25%, which it considers an “effective lower bound.” Additional stimulus has been provided by a program of asset purchases. […] More

New Overnight Developments Abroad - Daily Update

Somewhat Firmer Dollar as Long-Term U.S. Treasury Yields Rise Anew

March 10, 2021

The dollar is trading 0.2% higher on a trade-weighted basis and versus the yen and Australian dollar. The greenback also shows a gain of 0.3% relative to the Swiss franc and 0.1% against the euro, loonie, kiwi, and yuan. U.S. stock futures are narrowly mixed, and Japan’s Nikkei closed unchanged. Continental European stocks are higher, […] More

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