Basel III

Investors Breath Sigh of Relief

September 13, 2010

Stocks, sovereign bond yields, and commodities are higher, while the dollar is lower.  The People’s Bank of China did not raise interest rates, and the weekend’s agreement on Basel III produced decisions that did not surprise investors and seem manageable. The dollar has lost 0.7% against the euro and Australian dollar, 0.5% versus the Canadian […] More