The yuan strengthened beyond 6.6 per dollar for the first time in 17 years, bringing gains for 2010 to 3.6 percent, on speculation China will allow the currency to advance in an effort to tame inflation. The benchmark money-market rate reached a three-year high after the central bank drained cash from the banking system to [...]
Tags: account surplus, Action Economics, banking system, Benchmark Lending, benchmark money, Boost Lending, Central Bank, curbing inflation, deposit rates, funds, market rate, US Dollar, Yuan Advances Beyond
Posted January 3, 2011 by ][-NooM-][ under Benchmark Lending
Turkey’s largest banks are lining up to sell their securities denominated in pounds before after regulators removed the ban to protect the investor demand for government debt. Turkiye Is Bankasi AS and Turkiye Garanti Bankasi, the two largest listed lender in Turkey, the plan to give the local bond market as the central bank reduces [...]
Tags: bank lending, Benchmark Lending, Central Bank, Debt Curbs, deficit currents, interest rates, investment grade, largest banks, lending rate, Mortgages Lag, retail bank, US Dollar
Posted December 17, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
A fourth consecutive down day for the US dollar (on a trade weighted basis) defines the worst trend the benchmark has suffered since September. The currency’s bearish bearings have been set for going on four weeks now; but through this unfavorable drift, there has been a clear lack of conviction – often termed momentum. Without [...]
Tags: Australian, benchmark, Benchmark Lending, interest rate, retail sales, Sales Drop, tracked ranges, US Dollar
Posted May 17, 2010 by ][-NooM-][ under Benchmark Lending
Fundamental Outlook for US Dollar: Bullish – Dollar enjoys safe haven status, loses interest rate potential – Has the dollar’s late-week correction altered the bullish revival? Dollar bulls seem to enjoy a bit of schadenfreude. While the financial markets are under strain and the risk of a full blown crisis is at its peak, the [...]
Tags: benchmark currency, Benchmark Lending, Bullish, Financial Market, FOMC, fundamental, Greek Bailout, investors, lending rate, Relief, US Dollar
Posted April 25, 2010 by ][-NooM-][ under Benchmark Lending, More Financial
Summary (Euro Outlook: Neutral) – Events: Tues-German, Euro-zone, ZEW Sentiment, Wed-German PPI m/m, y/y, Thurs-ECB Monthly Bulletin, Flash Manufacturing and Services PMIs for the Euro-zone, France, Germany – The ECB’s tough choice: remain on target for stimulus exit and rate increases later this year and boost the euro, but a strong euro would do to [...]
Tags: Analysis, Benchmark Lending, Debt Threat, Dollar, Euro, Euro Struggles, forex trade, fundamental, lending rate, US Dollar, Weekly Outlook
Posted January 18, 2010 by ][-NooM-][ under Benchmark Lending
In fulfilling its role as the primary counterpart to the US dollar, the euro is naturally imbued with the traits of a high-yield currency (at least when it comes to EURUSD). While the European benchmark lending rate is anemic in its own right and growth forecasts are perhaps more reserved than its US counterpart; diversification [...]
Tags: Benchmark Lending, Despite ECB, European Central Bank, EURUSD, Financial Market, Fundamental Forecast, removing stimulus, robust recovery, US Dollar
Posted December 6, 2009 by ][-NooM-][ under Benchmark Lending
Shades of the roiling energy markets that were set off last year by the crisis on Wall Street emerged again Friday with crude seeing the largest percentage drop in prices since January. The sell-off this time followed troubling news from Dubai, which asked lenders for a six-month reprieve on payments for about $60 billion in [...]
Tags: Benchmark crude, debt jitters, early trading, energy markets, frozen credit, investors, US Dollar
Posted November 28, 2009 by ][-NooM-][ under Benchmark Lending, Trading
