Today, the Federal Reserve, the ECB, the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank announced a co-ordinated action to lower the pricing on the existing temporary US dollar liquidity swap arrangements by 50bp so that the new rate will be the
Global Central Banks Move to Ease Dollar Liquidity
November - 30 - 2011
Global Central Banks Move to Ease Dollar Liquidity
November - 30 - 2011
Today, the Federal Reserve, the ECB, the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank announced a co-ordinated action to lower the pricing on the existing temporary US dollar liquidity swap arrangements by 50bp so that the new rate will be the
Maximum Intervention Moves into Overdrive
November - 30 - 2011
Our theme for Q4 was ‘Maximum Intervention’ and today was a new high for this exact concept. The day after the European Union Finance Ministers (ECO-FIN) meeting (which once again failed to produce any progess on the EU debt crisis) the Chinese cut the RRR-ratio the minimum reserves each
Maximum Intervention Moves into Overdrive
November - 30 - 2011
Our theme for Q4 was ‘Maximum Intervention’ and today was a new high for this exact concept. The day after the European Union Finance Ministers (ECO-FIN) meeting (which once again failed to produce any progess on the EU debt crisis) the Chinese cut the RRR-ratio the minimum reserves each
Tackling Liquidity, Policy, Geopol & Solvency
November - 30 - 2011
Today’s coordinated central bank liquidity injections coincide with liquidity concerns (USD LIBOR nearing the highs of June 2010 at 0.53%); policy concerns (EFSF & austerity deadlock), geopolitical concerns (storming of UK Embassy in Tehran) and solvency concerns as signaled by implicit (voluntary) default from Greece.
Tackling Liquidity, Policy, Geopol & Solvency
November - 30 - 2011
Today’s coordinated central bank liquidity injections coincide with liquidity concerns (USD LIBOR nearing the highs of June 2010 at 0.53%); policy concerns (EFSF & austerity deadlock), geopolitical concerns (storming of UK Embassy in Tehran) and solvency concerns as signaled by implicit (voluntary) default from Greece.
Strong Risk Appetite on Central Bank Liquidity Steps, China Lowering of RRR, and Strong ADP Report
November - 30 - 2011
Risk sentiment surged in today’s session helping European higher yielders (EUR and GBP) and higher yielding commodity and growth sensitive currencies (AUD, NZD, CAD) against safe haven low-yielding currencies (USD, JPY).
We had 3 key developments including coordinated action by central banks to lower the cost to banks of funding in
Strong Risk Appetite on Central Bank Liquidity Steps, China Lowering of RRR, and Strong ADP Report
November - 30 - 2011
Risk sentiment surged in today’s session helping European higher yielders (EUR and GBP) and higher yielding commodity and growth sensitive currencies (AUD, NZD, CAD) against safe haven low-yielding currencies (USD, JPY).
We had 3 key developments including coordinated action by central banks to lower the cost to banks of funding in