Archive for July 24th, 2014

Foreign Exchange Insights and Next Week

Governments Challenged

July 24, 2014

It a conventional to think that currencies are apt to weaken when governments fail to meet important challenges properly.  Governments these days are struggling to deliver prosperity, peace and world respect.  Soft productivity growth is one of America’s central problems.  It prevents faster growth in jobs from boosting GDP growth, and it could force the […] More

Central Bank Watch

Reserve Bank of New Zealand Engineers a Fourth Interest Rate Hike, Then Declares a Pause

July 24, 2014

As it had done at the three previous meetings, the RBNZ lifted New Zealand’s Official Cash Rate by 25 basis points.  The new 3.5% level compares with 2.5% during the three years to mid-March, and now it is time to put policy on pause for “a period of assessment before interest rates adjust further towards […] More

New Overnight Developments Abroad - Daily Update

PMI’s, Japanese Trade, British Retail Sales, and an Important New Zealand Statement

July 24, 2014

Preliminary purchasing manager survey results for July showed An 18-month high in Chinese manufacturing growth. Faster euro area growth especially in the services but also manufacturing. Slower manufacturing growth in Japan.  Japanese customs trade data for June also were disappointing.  There was an unadjusted JPY 822 billion deficit, which was the 24th shortfall in a […] More

New Overnight Developments Abroad - Daily Update

PMI’s, Japanese Trade, British Retail Sales, and an Important New Zealand Statement

July 24, 2014

Preliminary purchasing manager survey results for July showed An 18-month high in Chinese manufacturing growth. Faster euro area growth especially in the services but also manufacturing. Slower manufacturing growth in Japan.  Japanese customs trade data for June also were disappointing.  There was an unadjusted JPY 822 billion deficit, which was the 24th shortfall in a […] More

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