Archive for July 11th, 2014

Foreign Exchange Insights and Next Week

Next Week

July 11, 2014

Central bank news will be in the spotlight.  Fed Chair Janet Yellen goes before the Senate Banking Committee on Tuesday to deliver the semi-annual Monetary Policy and State of the Economy report and reprises that testimony on Wednesday before the House Financial Services Committee.  The Bank of Japan’s monthly two-day Policy Board meeting on Monday-Tuesday […] More

Deeper Analysis

U.S. and Canadian Labor Market Performances Unusually Divergent

July 11, 2014

U.S. non-farm payroll jobs rose 272K per month in the second quarter, their fastest pace of increase since March-May 2010, which was inflated by temporary census workers.  Jobs have risen at least 200K in each of the past five months.  In June, they climbed by 288K.  Canada, in contrast, experienced a 9.4K drop in employment […] More

Central Bank Watch

Second Easing in Seven Months by Central Reserve Bank of Peru

July 11, 2014

Peru’s reference interest rate has been cut to 3.75% from 4.0%.  A reduction to 4.0% from 4.25% last November was the first cut in just over four years.  In between from a low of 1.25%, the central bank rate was increased by 175 basis points during 2010 and by 125 bps in the first five […] More

New Overnight Developments Abroad - Daily Update

Very Quiet in Foreign Exchange

July 11, 2014

The dollar shows no net changes overnight against the euro, yen, Australian dollar, yuan or sterling.  The greenback has ticked 0.1% higher versus the kiwi and Swiss franc and edged down 0.1% versus the loonie. Stock trading in the Pacific Rim extended yesterday’s drop in North America and Europe, but there’s been a rebound today […] More