US: Redbook Index rose 1.1% MoM

The Redbook index rose 1.1% on a monthly basis, and 2.4% YoY in the week ended on February 3, against previous prints at -0.6% and +1.5%, respectively.

Feb 12, 2013

Forex Flash: G7 said monetary policy should use domestic instruments – Nomura

Nomura Stategist Yujiro Goto notes that the G7 finance ministers and central bank governors released a statement about the foreign exchange market ahead of the G20 meeting this week.

BoC's Carney: Economic growth expected to pick up through 2013

Speaking before the Canadian House of Commons Standing Committee on Finance on Tuesday, BoC governor Mark Carney said that the timing of the withdrawal of monetary stimulus was „less imminent”. He suggested that inflation would remain close to 1% in the short term and it would increase gradually, reaching the 2% target in the second half of 2014.