Foreign Exchange Insights and Next Week
Next Week
December 9, 2016
Central Banks: Wednesday’s Federal Open Market Committee meeting heads a list of no fewer than a dozen central bank interest rate policy meetings next week that also includes the U.K., Switzerland, Norway, Iceland, Russia, Indonesia, South Korea, Mexico, Colombia, Chile and Peru. The Fed’s meeting, which is universally expected to raise the federal funds target, will […] More
New Overnight Developments Abroad - Daily Update
Further Leap in U.S. Consumer Confidence Lifts Dollar
December 9, 2016
The Reuters/U. Michigan consumer sentiment index leaped to 98.0 in early December from final readings of 93.8 in November and 87.2 in October. The latest score almost matches the greatest optimism since 2004. Excitement about the coming Trump presidency appears responsible for this much greater-than-anticipated upturn. The dollar climbed overnight by 1.0% against the yen […] More
