Foreign Exchange Insights and Next Week
Next Week
November 10, 2017
Central Banks: Just a couple of monetary policy meetings, notably in Chile, Iceland, and Indonesia. However, there are many central bankers who’ll be speaking publicly such as Yellen, Evans, Harker, Williams, Bostic and Mester from the Fed. Also Bank of Japan Governor Kuroda, ECB President Draghi and Vice-President Constancio, and Bank of England Governor Carney. […] More
Central Bank Watch
Central Reserve Bank of Peru
November 10, 2017
Peru’s policy interest rate has been lowered from 3.5% to 3.25%. This action follows three earlier 25-basis point cuts this year done in May, July and September. Taken together, this one percentage point of reduction offsets four 25-basis point rate increases between September 2015 and February 2016. The reversal is possible because of an ongoing […] More
Central Bank Watch
Bank of Mexico
November 10, 2017
In ten moves from December 2015 to June of this year, Mexico’s one-day interbank interest rate was raised from a low of 3.0% to the current 7.0% at which by unanimous vote this week it will remain. A statement released after the latest review observes that inflation is running a bit more than twice the […] More
New Overnight Developments Abroad - Daily Update
Global Equities and Sovereign Debt Prices Drop Further
November 10, 2017
Share prices around the Pacific Rim declined 0.8% (or 187 points) in Japan, 0.7% in New Zealand, and 0.3% in Australia, South Korea and Indonesia. European markets are down 0.8% in Greece, 0.4% in Spain, and 0.3% in the U.K., France and Switzerland, but the German Dax and Milan exchange are unchanged. A narrowly mixed […] More
