MLK
Historic Bank of Japan Two-Day Policy Board Meeting Began
January 21, 2013
Currency markets will lack U.S. leadership today. It’s Martin Luther King Day, and attention will be fixed on the Obama inaugural speech. A warning directed at China by U.S. Secretary of State Clinton against a unilateral action in the Sino-Japanese Island dispute drew criticism from China’s Foreign Ministry. Euro area finance ministers began a two-day […] More
First Market Reaction to S&P Downgrades of Europe
January 16, 2012
Trading has been calmer than feared. For one thing, U.S. markets will be closed today for the Martin Luther King holiday, and for another, S&P did not downgrade European country risk ratings as much as some feared. The hope is that European leaders will place even greater urgency now on nailing down the details of […] More
Spotlight on EcoFin as U.S. Observes MLK Day
January 17, 2011
The dollar rose 0.8% against the euro but fell 0.9% against the kiwi. Otherwise, the dollar shows gains of 0.4% against the Australian dollar and 0.3% relative to the Swiss franc and declines of 0.3% against the yen, 0.2% versus sterling and 0.1% against the Canadian dollar. Chinese equities plunged 3.8% in the wake of […] More
