Foreign Exchange Insights and Next Week
Next Week’s Menu: October 31 – November 6, 2020
October 30, 2020
Central Banks: Monetary policies will be reviewed at the Federal Reserve, Bank of England, Reserve Bank of Australia, Bank of Norway, Czech National Bank, National Bank of Poland, Bank of Russia, Central Bank of Malaysia, and National Bank of Romania. Fed Chairman Powell will hold a press conference. Bank of Japan meeting minutes, the Bank […] More
Deeper Analysis
October 2020 in Figures
October 30, 2020
Compared to previous recent months, net dollar movements in October were limited, exceptions being a 1.9% rise against the Australian dollar and 1.5% slide versus the yuan. Ten-year sovereign debt yields favoring the dollar became even more advantageous, and share prices declined broadly and significantly. The price of West Texas Intermediate crude oil dropped over […] More
Deeper Analysis
Which Major Economy is Withstanding the Pandemic Best?
October 30, 2020
Although these are very early days for ranking economies according to their resilience against the Covid-19 pandemic, the recent release of third-quarter GDP data for a number of countries makes a preliminary stab at that question now possible. The United States, Neither the United States nor Euroland achieved a full-V pattern, but China, Hong Kong, […] More
New Overnight Developments Abroad - Daily Update
Lots of Monthend Data, Fresh Covid Records, Disappointing Tech Earnings, and Home Stretch of the U.S. Election Campaign
October 30, 2020
Almost 600,000 new Covid cases worldwide have been identified in the past day, and the U.S. count exceeded 90,000 for the day and more than 9 million since the first case was reported. U.S. stock futures are down about 1% after several high tech firms reported weaker-than-forecast earnings for 3Q. Share prices in the Pacific […] More
