Archive for September 18th, 2015

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

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