Posts Tagged ‘ s central ’
After the stock markets closed this afternoon, the Federal Reserve raised the discount rate by 25bp to 0.75 percent, sending the U.S. dollar sharply higher against all of the major currencies. Although the Fed went out of their way to say that this does not equate to a change in their monetary policy outlook, [ READ MORE ]
It is officially a New Year, a New Decade and we want to wish everyone the greatest success! As we look forward to 2010, many people may be wondering if the dollar will continue to strengthen. Before attempting to address this question, it is important to recognize that much of the weakness in the [ READ MORE ]
The EUR/USD currency pair had the sharpest advance in two weeks today, after the dollar rallied significantly on speculations that the Federal Reserve could lift stimulus and raise interest rates in U.S. sooner than expected, attitudes so far declined by the U.S. central bank that erased optimism among traders which expected the economic recovery in the country to bring immediate favorable monetary policy changes. Currently EUR/USD remains bullish after [ READ MORE ]
As we countdown to the Federal Reserve’s monetary policy meeting, conflicting inflation, Treasury international capital flow (TIC) and manufacturing numbers will make the Fed’s decision on Wednesday particularly difficult. Granted the U.S. central bank is not expected to alter interest rates or the size of their Quantitative Easing program, their degree of hawkishness or [ READ MORE ]
Karl Marx would be pleased…well, maybe not. In any event, the world’s Central Banks are tired of the weak Dollar, and are separately taking matters into their own hands. [Before I continue, I should probably acknowledge the inherent dangers of lumping every Central Bank together under one umbrella. Still, given the current market environment, and [ READ MORE ]
Gold has hit yet another record high rising to $1093/oz in overnight trade. The latest surge has been triggered by news that India’s central bank purchased 200 tonnes from the International Monetary Fund – the largest such transaction by a central bank in over thirty years. [ READ MORE ]
After a brief pause, the world’s Central Banks (or at least those in Asia) have begun to once again accumulate foreign exchange reserves. I’m not one for hyperbole, but the figures are downright eye-popping: “Reserves held by 11 key Asian central banks totaled $2.625 trillion at the end of August, up from $2.569 trillion at [ READ MORE ]
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