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BoJ Eases Again Despite Positive Growth in Q3

BoJ Eases Again Despite Positive Growth in Q3

Nov 1, 2014

Monthly economic data through September indicate that real GDP growth in Japan rebounded into positive territory in the third quarter following its tax-hike-induced swoon in Q2. The Japanese economy should continue to grow in coming quarters. The Bank of Japan (BoJ) agrees with this assessment, but it surprised market...

Central Bank Roundup: The Aftermath of Policy Changes at the Fed, BoJ and RBNZ

Central Bank Roundup: The Aftermath of Policy Changes at the Fed, BoJ and RBNZ

Nov 1, 2014

It was a busy week for central banks around the world, with monetary policy meetings in the US, NZ and Japan. This made for a very interesting end to the week for the FX markets as investors digested the deluge of information coming from policymakers. The lingering impact of...

Weekly Economic and Financial Commentary

Weekly Economic and Financial Commentary

Nov 1, 2014

Despite recent volatility in financial markets and renewed concerns of disinflation, the FOMC announced an end to its purchases of mortgage-backed securities and Treasuries, or QE3, this week. In the meeting's statement, the FOMC indicated it is somewhat less concerned about the degree of labor underutilization, removing the characterization...

The Weekly Bottom Line

The Weekly Bottom Line

Nov 1, 2014

The end has finally come for quantitative easing (QE), at least in America. After expanding its balance sheet by over $3.5 trillion, mainly through purchases of Treasuries and mortgage backed securities (MBS), this week the Federal Reserve announced the program's end. While the Fed will continue to rollover maturing...

Weekly Focus: Riksbanken and Bank of Japan Surprised

Weekly Focus: Riksbanken and Bank of Japan Surprised

Nov 1, 2014

The surprise Bank of Japan move gives support to risk assets. Pressure is rising on the ECB to follow but it will take time for it to act. The hawkish Fed and dovish Bank of Japan give new fuel to USD/JPY. Focus turns to the US next week ISM to give more

Week in FX Americas – Loonie Bleeds On Growth Risks

Week in FX Americas – Loonie Bleeds On Growth Risks

Nov 1, 2014

It was too good to be true for the loonie. With commodities under pressure it has been somewhat of an aberration to see commodity and interest rate sensitive currencies like the AUD, NZD and CAD holding it together for so long. While gold, crude, and other natural resources have been...