Archive for September 9th, 2016

Foreign Exchange Insights and Next Week

Next Week

September 9, 2016

Central Banks: Monetary policy meetings will be held in Switzerland, the U.K., Chile, Thailand, Russia, and Ukraine. Holidays: Several Asian markets observe holidays, for example India, China, Singapore and South Korea. Scheduled U.S. Statistical Releases: Retail sales, industrial production, consumer prices, the Philly Fed and Empire State manufacturing indices, consumer prices, producer prices, import prices, […] More

Central Bank Watch

Bank of Korea

September 9, 2016

The Bank of Korea continues to employ an accommodative monetary stance. Inflation is too low. On-year consumer prices rose 0.4% overall and 1.1% on core components. Both rates were lower than in July. Regarding growth, a statement released today “forecasts that the domestic economy will sustain its trend of modest growth going forward, owing chiefly […] More

Central Bank Watch

Peruvian Central Bank Policy Rate Held Steady at 4.25%

September 9, 2016

Seven months have now passed without the Central Reserve Bank of Peru changing its interest rate. Previously such was lifted five times in the space of 7 meetings from September 2015 to March 2016, each by 25 basis points. Such more than offset four cuts from November 2013 through January 2015. The Board released a […] More

New Overnight Developments Abroad - Daily Update

Persistent Worries about Global Growth

September 9, 2016

Markets had rallied earlier this week as perceived odds for a U.S. interest rate increase were trimmed because of softer-than-expected U.S. data. Now, markets are nervous again. ┬áThe Fed may be proceeding very gradually with rate normalization, but at the same time other central bankerss like those at the ECB and BOJ are having mounting […] More

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