Posts published in October 2014

Bank of Russia Surprises, Ruble Doesn’t Respond

Russia’s central bank surprised the Forex market today by a huge interest rate hike aimed at cooling inflation and slowing the ruble’s depreciation. Yet the Russian currency did not respond to the announcement, extending…

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Euro Lower on Quantitative Easing Possibility

Euro is lower against most of its major counterparts today, thanks in part to statements from an ECB policymaker. While quantitative easing isn’t quite on the table, officials aren’t ruling it…

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