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Day: December 14, 2007
December 142007
Central Bank of Chile Raised Interest Rate
Yesterday Chilean central bank increased its interest rate by 0.25 basis points up to 6.0%. It was the first rate hike in Chile since September 13 this year. Central bank has been on its quest to destroy the risks of elevated inflation levels since July. But the break which occurred during October-November gave the traders […]
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December 142007
EUR/USD Falls on Before and After CPI
EUR/USD fell down to its monthly minimum value today as the traders expected for the CPI release for November to come out. It touched 1.4468 — the lowest value since November 6 minutes after the data was released. Consumer Price Index in November rose at 0.6% annualized rate, as it was already expected by the majority of analysts, while Core CPI showed a 0.3% growth that month. Industrial production and productivity numbers gave […]
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