NEWS / Foreign Exchange

Treasury Market Preview

• *** SCHEDULE ***
• US Fed??™s Kroszner to speak in Washington [8:15 et]
• US Treasury to make 2-year and 50year note announcement [11:00 et]
• US Fed??™s Evans to speak in Chicago [19:00 et]
• EU ECB??™s Trichet to speak in NY [20:45 et]
• *** EUROPEAN NEWS OVERNIGHT ***
• EU Government Debt/GDP Ratio: 68.6% v 69.0%e
• EU Government Budget Deficit/GDP Ratio: -1.5% v ??“1.6%e
• ECB Stark: Inflation risks have increased
• ECB Stark: Forex is important but is not the only factor affecting exports
• ECB Constancio: Recent days have not been positive for the world, but it is still not possible to draw any big conclusions
• ECB Constancio: The decline in the Dollar reflects the US economic slowdow
• ECB Qaden: Financial turbulence will have an limited negative impact on growth
• ECB Qaden: Moderate slowdown in growth could have a downside inflationary impact
• *** ASIAN NEWS OVERNIGHT ***
• AU Q3 Producer Price Index: Q/Q 1.1% v 0.9%e || Y/Y 2.4% v 2.1%e
• JP Sep Convenience Store Sales: -1.0% v ??“0.5% prior
• JP Sep Convenience Store Sales: 0.1% v ??“0.1% prior
• JP Government Spokesman: Does not see any change in Japanese economic fundamentals
• JP Ministry of Finance??™s Tsuda: Volatility in markets may continue
• JP Ministry of Finance??™s Tsuda: Global economic fundamentals remain firm
• JP Ministry of Finance??™s Tsuda: Important to advise China to boost the Yuan??™s value
• ID Economic Minister: GDP growth of 6.3% is achieveable this year despite high oil prices
• *** COMMENTS THIS WEEKEND ***
• ECB Garganas: Inflation risks have ???perhaps increased??? [10/21]
• ECB Weber: Euro economy does not need interest-rate support [10/21]
• ECB Weber: Inflation is seen above the ECB limit in 2008 and 2009 [10/21]
• ECB Weber: Sees a slight downward change to the 2008 growth forecast [10/21]
• ECB Weber: Harmonized CPI could reach 3.0% in Germany by the end of the year [10/21]
• ECB Liebscher: Oil prices and wages present inflation risks [10/21]
• ECB Liebscher: Sees significant inflation risks [10/21]
• ECB Liebscher: The Euro-region economy is in good shape [10/21]
• ECB Wellink: ECB is in the process of ???somewhat adjusting??? its economic growth forecasts [10/21]
• SNB Hildebrand: Should not assume that the market turbulence is a thing of the past [10/21]
• Alan Greenspan: The Dollar??™s decline may reflect a decline in demand for US debt [10/21]
• Alan Greenspan: Credit crisis was an accident waiting to happen [10/21]
• Alan Greenspan: The US fiscal outlook is a very serious problem [10/21]
• G7 Meeting: FX rates must reflect economic fundamentals [no specific mention of the US Dollar]
• G7 Meeting: Excess FX volatility is unwanted; Disorderly movements are undesirable
• G7 Meeting: To call for a faster rise in the Yuan