Archive for May 13th, 2016

Foreign Exchange Insights and Next Week

Next Week

May 13, 2016

Central Banks:  Monetary policy meetings in Indonesia, South Africa, Malaysia, Chile and Serbia.  Minutes of past policy meetings to be released by the FOMC, Reserve Bank of Australia, European Central Bank and Bank of Japan.  Fed officials speaking publicly:  Lockhart, Williams, Kashkari, and Kapan.  Praet of the ECB and Wheeler and DeBelle of the Reserve […] More

Central Bank Watch

Bank of Korea

May 13, 2016

The South Korean central bank base rate has been left at 1.5%, the level since a 25-basis point cut in June 2015 culminated a percentage point of easing over nine months.  A released statement from the policy board again projected modest domestic demand-led growth with a high level of externally-related uncertainty.  Scope for cutting rates […] More

New Overnight Developments Abroad - Daily Update

Stocks, Commodities, Bond Yields Slip ahead of U.S. Data

May 13, 2016

Markets are ending the week on a risk averse note.  The yen advanced 0.9% against the dollar in spite of Bank of Japan Governor Kuroda’s assertion that the central bank is prepared to ease decisively further. A lower open is indicated in U.S. stock futures.  Downward momentum was fueled by yesterday’s gloomy report from Macy’s.  […] More