The third week of May 2011 has a comparatively light data and event calendar.  A meeting of the Bank of Japan Policy Board is not expected to result in a change but will provide an opportunity to peruse the latest economic assessment.  Minutes from the last FOMC and Bank of England meetings will be released, [...]

The dollar and global share prices tangoed widely and in inverse relation to one another this past week, highlighting a pattern that has been observed much of the time since the financial crisis began.   By 16:00 GMT on Friday, the dollar had booked net gains of a little more than 1.0% against the euro, sterling, [...]

The Monetary Policy Committee did not hike South Korea’s Bank Rate by 25 basis points as expected, so such instead remains at 3.0% following increases of 25 basis points each last July, November, January, and March.  During the Great Recession, three rate cuts were implemented of 100 basis points in August 2008, 175 bps in [...]