Archive for November 16th, 2018

Foreign Exchange Insights and Next Week

Next Week

November 16, 2018

Central Banks: Monetary policy reviews will occur in Hungary and South Africa. Minutes from the last policy meetings will be released by the European Central Bank and Reserve Bank of Australia. RBA Governor Lowe, BOJ Governor Kuroda, and NY Fed President Williams speak publicly. Holidays and Special Events: Indonesia celebrates the birthday of Muhammed on […] More

Central Bank Watch

Bank of Mexico Tightens to Contain Inflation

November 16, 2018

The Bank of Mexico raised the overnight interbank rate by another 25 basis points, citing significant peso depreciation since the last policy review, concerns regarding the incoming administration’s policy intentions, above target inflation, indications of higher expected inflation, recent downgrades by some ratings agencies of Mexico’s debt rating outlook, and likely future increases in global […] More

New Overnight Developments Abroad - Daily Update

Mixed Dollar

November 16, 2018

The exit of British officials protesting the Brexit deal terms did not snowball, and Prime Minister May remains in power for now. Sterling rebounded 0.3% against the dollar and euro. The Ftse has lost 0.3%, and the 10-year British gilt yield climbed four basis points. The dollar also fell 0.3% against the yen and 0.1% […] More

css.php