Archive for May 20th, 2016

Foreign Exchange Insights and Next Week

Next Week

May 20, 2016

Central Banks:  Monetary policy meetings in Canada, Turkey, Hungary, Israel and Ukraine.  Fed Chair Yellen heads a list of U.S. central bank officials speaking publicly that also includes Kaplan, Kashkari, Bullard, Powell, Harker, and Williams.  Praet and Constancio of the European Central Bank, Stevens and DeBelle of the Reserve Bank of Australia, and Nakaso of […] More

Central Bank Watch

Central Bank of Sri Lanka

May 20, 2016

A 50-basis point hike in the lending and borrowing rates three months ago to 8.0% and 6.5% had been characterized by monetary officials as a pre-emptive move:  “Excessive growth of broad money fuelled by domestic credit expansion in the midst of continued upward trend in underlying inflation requires pre-emptive policy measures in order to contain […] More

Central Bank Watch

Central Bank of Chile

May 20, 2016

Chile’s May monetary policy meeting on May 17 resulted in no change to the policy interest rate, which has been at 3.5% since a 25-basis point increase last December, but the statement released by officials reaffirmed that more rate normalization will become necessary eventually.  December’s tightening was the second of the cycle following an initial […] More

New Overnight Developments Abroad - Daily Update

Stocks and Commodities Show Better Tone

May 20, 2016

Share prices in Europe have thus far recovered today by 2.3% in Greece, 1.3% in the U.K., 1.1% in France and Italy, 1.0% in Switzerland, and 0.9% in both Germany and Spain. Most markets in the Pacific Rim closed higher, too, such as Japan (0.5%), Australia (0.5%), Singapore (0.9%), China (0.7%), Hong Kong (0.7%), and […] More

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