The Banco Central de Chile held its monetary policy interest rate unchanged at 5.25%. The Bank noted: “Domestically, output...
Central Bank of Chile Keeps Rate at 5.25%
Source: feedproxy.google.com
Read more...
Dukascopy Morning Forex Overview - Oct 15 2009
Previous session overview The euro rose to a fresh 14-month high against the dollar in Asia on Thursday as hawkish comments by Reserve Bank of Australia Governor Glenn Stevens and strong Asian shares fueled appetite for riskier currencies. Governor Stevens said early in the Asian morning that the...
Bearish momentum gaining in JPY crosses
What had started out as a very quiet day has turned into a bit of a rout on the JPY crosses. EUR/JPY is trading on its lows at 135.70 and dealers report lots of longs liquidating their positions. It seems there is no major news out to drive this but many see the IMF statement on Euro-zone banks as...
Brazil says IMF move not intended to weaken the dollar
Brazilian finance minister Mantega says his countries $10 bln contribution to the IMF is not intended to weaken the dollar. Maybe not, but that has been the effect thus far. The market is concerned that Brazil will dump $10 bln in Treasuries to buy bonds from the IMF. US 10-year notes are at 3.93%,...
Bank of France business sentiment stronger than expected
Bank of France industry business sentiment index has come in at 81 in May, up from 75 in April, and better than the median forecast of 77. The Bank of France has revised up slightly it’s forecast for the Q-2, from -0.6% to 0.5%. EUR/USD is on something of a tear, presently up at 1.3920....
China Jan-May Urban fixed asset investment up 32.9%
China’s urban fixed asset investment rose 32.9% in the first five months this year, more than the forecast of...