Central Bank Watch
Central Bank of Chile
April 16, 2015
Board members left Chile’s monetary policy rate at 3.0% as analysts expected. Beginning in January 2012, the interest rate was cut in 25-basis point increments then, October and November 2013, February, March, July, August, September and October of 2014, but not any further during the last half year. On-year CPI inflation of 4.2% as of […] More
Foreign Exchange Insights and Next Week
Dollar Recovery in a Lull
April 16, 2015
Coming into April, the dollar had experienced a rally of historic proportions, topped off by advances of more than 9.0% in the first quarter against the euro, yen, Swissie and both Canadian and Australian dollars. In the current month, however, upward dollar momentum has slowed substantially for a variety of reasons. A broad spectrum of […] More
New Overnight Developments Abroad - Daily Update
Tug of War on EUR/USD
April 16, 2015
Across-the-board overnight losses in the dollar masks opposing forces on the key EUR/USD relationship. Relative to key European monies, the dollar on balance has lost 0.6% against sterling, 0.4% versus the euro and 0.2% relative to the Swiss franc. At one point, however, the dollar had retreated as far as 1.0764 against the euro but […] More
