Foreign Exchange Insights and Next Week
Next Week
September 18, 2015
Central Banks: Interest rate policy meetings are scheduled next week in Turkey, South Africa, Hungary, the Czech Republic, The Philippines, Norway, and Mexico. Chair Yellen and Lockhart, Williams, and George will be speaking in public. So will ECB President Draghi and Bank of Canada Governor Poloz. Holiday Closure: Japanese Equinox Day on Wednesday in Japan. […] More
Foreign Exchange Insights and Next Week
Import Prices and the Dollar
September 18, 2015
U.S. officials since the Great Recession have generally avoided engaging in currency manipulation. Complaints were toned down about the yen and yuan being too weak. Switzerland was given a green pass when a cap on the franc was imposed for 3+ years. The dollar for the most part wasn’t a political football, and the dollar […] More
New Overnight Developments Abroad - Daily Update
The Fed Has Spoken, and Now Markets React
September 18, 2015
The ten-year Treasury in futures trading slid another 4 basis points overnight and is 11 bps below its level at the time of the FOMC announcement yesterday. Ten-year British gilts, German bunds and Japanese JGB yields fell overnight by 11, 8, and 2 basis points. The dollar is especially weak against commodity-sensitive currencies, falling 1.4% […] More
