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Day: December 13, 2007
December 132007
Swiss Libor Rate Unchanged at 2.75%
Swiss National Bank chose to keep the national three-month Libor (interest rate) unchanged at 2.75% after it was increased by 0.25% back in September 2007. After this announcement Swiss franc gained a little against all other major currencies except the Japanese yen. The reason to stop increasing the interest rates further came from two sides: first, Swiss National Bank (SNB) is expecting that GDP growth […]
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December 132007
Central Bank of Chile to Decide on Interest Rate Today
The Central Bank of Chile will be releasing its statement with the target interest rate. The current interest rate is maintained at 5.75% after three rate hikes by 0.25% going in a row from July to September 2007. Majority of the analysts surveyed about the forthcoming rate decision agree that the Chilean interest rate will […]
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December 132007
EUR/USD Bearish After Excellent Economic Data
EUR/USD began the day with some slow downtrend, but continued to accelerate its bearish tendencies after news releases from U.S. showed some well above average macroeconomic stats. Advance retail sales report for November from U.S. Census Bureau showed that this indicator increased by 1.2% compared with October — much better than 0.6%, which was expected by the market analysts. The Producer Price Index […]
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