Foreign Exchange Insights and Next Week
Next Week
September 13, 2013
Next week’s main event is the FOMC two-day meeting and Wednesday’s release of new projections and statement on tapering. Bernanke will hold a post-meeting press conference. Other central bank meetings are scheduled in Switzerland, India, Norway, and South Africa. The Bank of England and Reserve Bank of Australia will publish minutes of their meetings earlier […] More
Foreign Exchange Insights and Next Week
Diverse Responses to Fed Tapering
September 13, 2013
By September 18 when Fed Chairman Bernanke is expected to defend a decision to reduce Fed asset purchases, financial markets will have had roughly four months to get comfortable with that shift. Bernanke prefers to avoid market surprises, so it’s doubtful that investors will get significantly different news from the guidance of the past four […] More
New Overnight Developments Abroad - Daily Update
Spotlight on the U.S.
September 13, 2013
Currency markets have been marking time ahead of the U.S. release of retail sales, producer prices, and the latest Reuters/U. Michigan reading of U.S. consumer confidence. The dollar is unchanged against the yuan, loonie and sterling. It is 0.1% softer versus the kiwi and has edged up 0.1% relative to the euro, Swissie, and yen. […] More
