Danske Bank Notes No One Can Accuse Sedlabanki Of Being Dovish []

Danske Bank Notes No One Can Accuse Sedlabanki Of Being Dovish []
Lars Christensen from Danske Bank remarked on Thursday that nobody can accuse the Icelandic central bank (Sedlabanki) of being dovish. He noted that today Sedlabanki hiked its key policy rate by 45bp to 13.75% – contrary to the market's expectation of unchanged rates.

Swiss Franc Rebounds From Early Weakness Versus Dollar, Stays Near 2005 High [USD/CHF]
The Swiss franc was little changed in choppy dealing versus the dollar Thursday afternoon, staying near a 2 1/2 year high from the previous session. The franc slipped to 1.1638 in early dealing, but turned around at 5 am ET to reach 1.1587 by mid-day.

Global Insight Suggests That Fed Will Not Cut Rates Unless Economic Outlook Deteriorates Sharply []
Global Insight Chief U.S. Economist Nigel Gault commented on Thursday that consumer spending growth slowed in September, and retailer reports for October suggest that the fourth quarter began with little momentum. He commented that labor income growth still seems supportive, but rising gasoline prices are hurting real incomes while falling house prices are damaging real wealth.

Yen Rallies Against Euro [EUR/JPY]
The yen rallied against the euro in the mid-morning Thursday and erased losses from the previous session. The Japanese currency began to rise at around 8 a.m. ET and continued to move higher. The yen climbed to 165.70 against its European counterpart.

Stocks Seeing Continued Weakness In Late Morning Trading - U.S. Commentary []
While selling pressure has remained relatively subdued, stocks are seeing some weakness in late-morning trading on Tuesday. The major averages are all currently in negative territory after seeing some strength in recent sessions.

European Markets Fall, Led By Banks - European Commentary []
The European markets fell on Thursday, as banking stocks retreated after Credit Suisse Group said it is too early to predict an end to the credit-market turmoil and a brokerage downgraded shares of U.S. financial giant Citigroup.