RBI
DOW Tops 22K and an Indian Interest Rate Cut
August 2, 2017
The DJIA moved as high as 22,036, topping 22K for the first time ever, but is currently hovering just below that level. Asia got its first interest rate cut of 2017 as the Reserve Bank of India’s repo and reverse repo rates were reduced 25 basis points to 6.0% and 5.75%, respectively. The reductions had […] More
Sterling at Post-Brexit Low but Share Prices Climb
October 4, 2016
Britain’s plans to leave the EU has returned to center stage. Prime Minister Theresa May will address the Tory annual conference tomorrow, but she has already indicated a predisposition for no sugar-coating of the coming change in Britain’s relationship with the European Union. Access to the single market will be constrained, and the all-important financial […] More
Across-the-Board Rise in Dollar
December 2, 2014
The U.S. currency rose overnight by 1.1% against the kiwi, 0.8% versus the yen, 0.7% relative to the loonie, Aussie dollar and sterling, 0.6% against the Swiss franc and 0.5% versus the euro. The yen touched a new low for the move of 119.30 per USD. The 120 per dollar level, first approached at the […] More
Weaker Yen and Dollar
April 20, 2010
The dollar gained 0.8% against the yen overnight but otherwise has fallen 1.2% against the Australian dollar, 0.8% versus sterling, 0.7% against the Canadian dollar, 0.5% relative to the kiwi, and by 0.3% against the Swissie and euro. Investors have been reassured by good earnings reports. Chinese stocks buckled another 3.1% in the face of […] More
