The Central Bank of Sri Lanka held its benchmark repurchase rate unchanged at 7.00%, and also kept the reverse repurchase rate at 8.50%,...
Central Bank of Sri Lanka Holds Rate at 7.00%
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Lacker: Don’t need to buy more bonds if curve steep on outlook
If the US yield curve is steepening on the back of a brighter economic outlook than there is no need for the Fed to add to its purchases of Treasury notes. Higher rates will be needed when economic growth turns positive, Lacker says. Yields will be in focus this afternoon as the government auctions...
Bigger players sniffing around USD/JPY
I had heard of some large bids at 97.25 in USD/JPY and that was the overnight low, seemingly confirming the chatter. The market is currently trading 97.33/35 and there is only a total of about 100 mio on the bid down to 97.21 and that is with Tokyo up and running. Maybe the rumoured bids...
Stops outweighing bids in USD/JPY
Dealers report heavy selling of USD/JPY which the bids at 97.50 have not quite been able to soak up, 42 the low so far. Corporate offers have been lowered so expect stiff resistance at 98.10/20 on any...
USD weaker across the board in Asian trade
The USD has seen some across the board weakness during Asian trade, EUR/USD presently up at 1.4050 compared to a North American close Wednesday around 1.3985, while cable is up at 1.6420 from around 1.6350. The USD is being underminned by worries major emerging countries (BRICs) may be about to...
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