ZEW indices

Busy Session as U.S. Returns from President’s Day Closure

February 18, 2014

The Bank of Japan left unchanged its basic monetary policy of quantitative easing overlaid on zero interest rates.  The central bank’s economic outlook wasn’t changed either in spite of yesterday’s softer-than-expected GDP figures.  Some special facilities were extended another year and given higher limits even though they haven’t been fully utilized in the past. The […] More

Stronger Yen and Aussie Dollar

February 19, 2013

The U.S. dollar has declined 0.5% against the yen and 0.4% relative to the Australian dollar.  Other overnight dollar movement has been muted, with gains of 0.2% versus the loonie and 0.1% against the euro, Swissie and kiwi.  The dollar is unchanged relative to the Chinese yuan and British pound. Stocks slumped 1.9% in China, […] More

Bank of Japan Easing Catches Some Analysts By Surprise

February 14, 2012

The yen weakened 0.6% against the dollar, and the Nikkei index of Japanese share prices went up 0.6% in response to BOJ actions. Japan’s central bank designated 1.0% as a medium-term operational core CPI target and vowed not to end its virtual zero interest rate policy until that goal is in sight and significant deflationary […] More