Archive for July 3rd, 2018

Central Bank Watch

Swedish Riksbank

July 3, 2018

Sweden’s repo rate was kept at negative 0.50%, and a new statement¬†from the Executive Committee did not change previous forward guidance that a gradually rising trend is likely to begin late this year. One dissenting committee member wanted a 25-basis point hike now, and another favored saying such would occur in September or October. Projected […] More

Central Bank Watch

Reserve Bank of Australia

July 3, 2018

As was expected, Australia’s Official Cash Rate (OCR) was left at the record low of 1.50% that it has been at since a 25-basis point cut in August 2016. A released statement from Governor Lowe exhibits no near-term possible consideration of raising such. Several risk factors and other justifications are mentioned to keep the status […] More

New Overnight Developments Abroad - Daily Update

Softer Dollar… No Respite from Trade War Threat

July 3, 2018

A left-leaning candidate and critic of U.S. President Trump, Andrea Manuel Lopez Obrador, scored a huge win in Mexico’s presidential election with a majority 53% of the popular vote. Terms are for six years. The peso rallied on the news. A U.S. sanction-enforced program against Iran has WTI oil trading above $75.0 per barrel for […] More

css.php