5Vote!
SeekingAlpha.com (Free subscription) | 11/05/2009
Marc Chandler submits: Media reports are playing up local press stories that Brazil officials are evaluating additional measures to slow capital inflows which are driving the Brazilian real higher. The 2% tax may have led to some greater volatility in the currency, but net-net the currency remains firm. Other ideas being considered include the government selling a BRL denominated bond...
6Vote!
SeekingAlpha.com (Free subscription) | 11/02/2009
Marc Chandler submits: At the end of last week, Mexico's lower house gave final approval for the to the revenue components of the FY2010 budget. There were some doubts whether the lower house would balk at raising taxes during the recession. The revenue plans include raising the income tax rate to 30% for business and high income individuals. The tax rate will fall to 29% in 2013, and...
5Vote!
SeekingAlpha.com (Free subscription) | 11/02/2009
Marc Chandler submits: The Reserve Bank of Australia is widely expected to hike rates early Tuesday, which would be the second move in the cycle. A Bloomberg survey found 18 of 22 expect a 25 basis point hike, while the remaining four expect a 50 bp move. We are inclined to be part of the majority here, believing that fragility of the global recovery and strength of the Australian dollar...
5Vote!
Reuters (Free subscription) | 11/02/2009
... appears unlikely."The Federal Reserve is unlikely to change its assessment significantly," said Marc Chandler, global currency strategist at Brown Brothers Harriman.The Federal Open Market Committee, the central bank's policy setting group, meets on November 3 and November4.RECOVERY'S ARRIVALThe third quarter GDP report on Friday signaled the end of the worst U.S. recession since...
6Vote!
SeekingAlpha.com (Free subscription) | 11/01/2009
Marc Chandler submits: The Federal Reserve Open Market Committee meets on November 4th for the second to last meeting of the year. With the central banks of Australia, UK and the euro zone also convening in the coming days, the focus is squarely on the trajectory of monetary policy. The Reserve Bank of Australia is widely expected to hike its official cash rate, as it did last month,...
