Archive for October 17th, 2014

Foreign Exchange Insights and Next Week

Next Week

October 17, 2014

Central Bank interest rate meetings are scheduled next week in Canada, Norway, the Philippines and Turkey.  Central Banks in the U.K. and Australia release minutes of their meeting earlier this month, and the Bank of Canada publishes a quarterly Monetary Policy Report. U.S. existing and new home sales data will be released, along with consumer […] More

Central Bank Watch

Another Chilean Interest Rate Cut

October 17, 2014

Officials at the Central Bank of Chile announced late Thursday the eighth interest rate cut in a year.  The key rate was reduced previously in October and November of 2013 and February, March, July, August, and September of this year.  All these cuts have been by 25 basis points, and the benchmark is now 3.0% […] More

New Overnight Developments Abroad - Daily Update

Dovish Rhetoric

October 17, 2014

Markets have a better tone. aided by some dovish remarks from Fed’s Bullard (maybe QE3 shouldn’t end now), Coerce (ECB to start buying assets very soon), Nowotny (euro depreciation constructive), Haldane (British data point to later rate hike rather than sooner), and Kuroda (BOJ easing to continue until 2% inflation secured).  The 10-year Treasury futures […] More