Larry's Blog
Yankees and Red Sox Next Opponents Both Have Poor Pre-All Star Game Records
July 19, 2018
Pitching match-ups in the three upcoming Yankee games and three up coming Red Sox games cast possible further light on some of the points made in my earlier posts on this Eastern Division Rivalry. The Yankees will be facing their cross-town National League representative, the New York Mets, who have a record of 39 wins […] More
Foreign Exchange Insights and Next Week
Vulnerable Time for Emerging Market Currencies
July 19, 2018
The combination of a tightening Federal Reserve policy, escalating tariff warfare, and heightened geopolitical uncertainty can be particularly risky for the currencies of developing and emerging economies. They tend to be heavily dependent on trade as an engine of economic growth and reliant upon inflows of foreign capital to cover current account deficits. Also, the […] More
Central Bank Watch
South African Reserve Bank
July 19, 2018
While many central banks in emerging economies have been tilting policy in a more restrictive direction, the last two South African interest rate changes were cuts. Reduction of 25 basis points each last March and in July 2017 had followed a period from June 2014 to March 2016 when six increases had raised the SARB […] More
Central Bank Watch
Indonesia’s 7-Day Reverse Repo Rate Left Unchanged at 5.25%
July 19, 2018
The Board of Governors at Bank Indonesia took a pause after having hike its interest rate three times in the space of six weeks. This had lifted the key 7-day reverse repo rate to 5.25% as of June 29th from 4.25% prior to an initial hike of 25 bps on May 17. There was also […] More
New Overnight Developments Abroad - Daily Update
Stronger Dollar, Weaker Equities, Softer Gold Price But Rebound in Oil
July 19, 2018
The dollar climbed overnight by 0.8% to a one-year high against the Chinese yuan. The greenback also gained 1.0% relative to the kiwi, 0.9% vis-a-vis the peso, 0.8% versus the Australian dollar, 0.6% against sterling, 0.5% versus the loonie and 0.3% against the euro and Swiss franc. Dollar/yen is unchanged. Stocks dropped 0.9% in Hong […] More
