Foreign Exchange Insights and Next Week
Next Week
November 14, 2014
Monetary policy meetings are planned next week in Japan, South Africa and Turkey. The Bank of England, Reserve Bank of Australia and Federal Reserve will be releasing minutes of their last policy meetings, and the Bank of Japan publishes its monthly economic assessment. Some of the Fed officials speaking publicly next week are Kocherlakota, Evans, […] More
Central Bank Watch
Central Reserve Bank of Peru: A Continuing Bias Toward Accommodation
November 14, 2014
After having left Peru’s policy interest rate unchanged for a second straight meeting at 3.5% but cutting reserve requirements by another 0.5 percentage points to 10.0%, officials released a statement that emphasized the weakness of Peru’s economic cycle, the well-anchoring of expected inflation around the 2% target midpoint, mixed global economic signals and “increased volatility […] More
New Overnight Developments Abroad - Daily Update
Weaker Yen and Gold, Firmer Dollar, and Soft Data
November 14, 2014
The yen dropped 0.6% against the dollar to a new multi-year low of 116.51 and fell also to a 10-month low of 145.09 per euro. The U.S. currency otherwise advanced 0.3% against the euro, Australian dollar and sterling, 0.2% versus the Swiss franc and kiwi and 0.1% relative to the yuan. The Swiss currency continues […] More
