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Custody Holdings and The Dollar

December 18, 2009
As is well appreciated, the Federal Reserve competes with private sector banks in providing custody services to foreign central banks. The data is reported on a weekly basis, every Thursday. Yesterday the Fed reported that custody holdings rose by about $5 bln. That brings the Q4 increase to about $93.5 bln and the year-to-date figure to $432 bln.…
Custody Holdings and The Dollar Custody Holdings and The Dollar Reviewed by magonomics on December 18, 2009 Rating: 5
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CNBC: King Dollar & Growth CNBC: King Dollar & Growth Reviewed by magonomics on December 18, 2009 Rating: 5
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What is Moving the Dollar? New Driver Around the Corner ?

December 17, 2009
There have been many developments in the past couple of weeks, including Dubai and Greek woes, generally stronger than expected US economic data, and further confirmation of the unwinding of the Fed's liquidity provisions that could help account for the dollar's broad based strength. It is up, since the Dec 1, almost 3.75% against the euro…
What is Moving the Dollar? New Driver Around the Corner ? What is Moving the Dollar? New Driver Around the Corner ? Reviewed by magonomics on December 17, 2009 Rating: 5
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Basel Committee Clarifies, Contradicts Japan

December 17, 2009
Japanese media had intimated that there would be a long--decade or more--transition period to new capital requirement rules. This apparently was a factor behind the surge in Japanese banks shares yesterday, before consolidating today, for example. However, the BIS' Basle Committee on Banking Supervision indicated earlier today that the new cap…
Basel Committee Clarifies, Contradicts Japan Basel Committee Clarifies, Contradicts Japan Reviewed by magonomics on December 17, 2009 Rating: 5
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Greece and the Euro Zone

December 17, 2009
The heightened concerns about the fiscal situation in Greece and by extension the other weak credits in the euro-zone may be a source of pressure on the euro, but more than likely it is simply encouraging foreign exchange participants to do what they wanted to do in any event and reduce market exposure, which means buy back short dollars, ahead of…
Greece and the Euro Zone Greece and the Euro Zone Reviewed by magonomics on December 17, 2009 Rating: 5
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