Foreign Exchange Insights and Next Week
Dollar Strength Depends on One’s Frame of Reference
February 25, 2015
The dollar has already gained considerable ground against a broad cross-section of other currencies, propelled by relatively strong U.S. growth and the divergent direction of monetary policy guidance from the Fed and the policy outlook for many other central banks that have recently loosened their credit stances and are signaling a bias favoring more support. […] More
Central Bank Watch
Central Bank of Sri Lanka
February 25, 2015
Sri Lankan central bank interest rates haven’t changed in slightly over a year. The Standing Lending Facility Rate has been at 8.0% since a 50-basis point cut in January 2014, and Standing Deposit Facility rate has been 6.5% since it was last reduced in October 2013. As inflation receded, both rates were cut by a […] More
New Overnight Developments Abroad - Daily Update
Positive Reaction to Tuesday’s Yellen Testimony and China Reopens
February 25, 2015
Today is a quiet day from a data-release standpoint, so investors will be looking to testimonies by Fed Chairperson Yellen and ECB President Draghi for direction. Yellen reprises yesterday’s Humphrey-Hawkins semiannual appearance before congress, this time testifying to the House Financial Services Committee. Draghi will be speaking before the EU parliament. The ECB took a […] More
