Foreign Exchange Insights and Next Week

Next Week’s Menu (September 14-20, 2019)

September 13, 2019

Central Banks: Monetary policy reviews take place next week in the United States, Japan, U.K., Switzerland, Taiwan, Indonesia, Thailand, Brazil, and Norway. Minutes of the last Australian central bank policy meeting will be published. The FOMC is likely to cut the fed funds rate target and will update macroeconomic and interest rate projections, and Chairman […] More

Next Week’s Menu: September 7-13, 2019

September 6, 2019

Central Banks: Monetary policy reviews at the European Central Bank and in Poland, Serbia, Turkey, Malaysia and Peru. ECB macroeconomic forecasts will be updated, and a deposit rate decline is considered quite possible. ECB President Draghi and Vlieghe of the Bank of England Monetary Policy Committee will be speaking publicly. Events and Holidays: South Koreans […] More

Next Week

August 30, 2019

Central Banks: Monetary policy reviews in Sweden, Russia, Ukraine, Australia, Canada, and Australia. Publication of the Fed Beige Book that documents regional economic trends. Rosengren, Kashkari, Evans, Bowman, Bullard, and Williams are some of the Fed officials with planned speaking engagements. Incoming ECB President Lagarde, ECB Vice President de Guindos and Bank of Japan Board […] More

Next Week’s Menu

August 23, 2019

Central Banks: Monetary policy reviews scheduled in Hungary, South Korea, Israel and Iceland. Lowe and Debelle of the Reserve Bank of Australia and Suzuki of the Bank of Japan speak publicly. Events and Holidays: The annual Central Bank Symposium at Jackson Hole, Wyoming ends on Saturday, and the annual Group of Seven summit begins that […] More

Fed Policy, Dollar Policy and Trade Policy

August 20, 2019

Among the most consistent themes of Donald Trump from his time as private sector businessman through his candidacy for president and since becoming president of the United States is the view that the country is competing on an unfair trading playing field. Surpluses are good regardless of context. Deficits are bad, and  tariff wars can […] More

Next Week’s Menu of Data and Events

August 16, 2019

Central Banks: Monetary policies to be reviewed in Sri Lanka and Indonesia. Minutes from last policy meetings to be published by the Fed and Reserve Bank of Australia. The annual Kansas City Fed-Sponsored central bank symposium in Jackson Hole, WY runs from August 22 through 24 with a theme of “challenges for monetary policy.” Scheduled […] More

Next Week: August 10 – 17, 2019

August 9, 2019

Central Banks: Monetary policy reviews in Norway and Mexico. With summer vacation scene fully upon us, very few central bank officials are scheduled to speak, Kent and Debelle of the Reserve Bank of Australia being an exception. Holidays: Japan observes Mountain Day on Monday, and Thursday is Assumption Day in several European countries. Scheduled U.S. […] More

Next Week’s Menu of Data Releases and Other Things to Note

August 2, 2019

Central Banks: Monetary policy reviews in Australia, New Zealand, Thailand, India, Serbia, Romania, Peru and the Philippines. A summary of last week’s BOJ meeting and the Reserve Bank of Australia’s quarterly Monetary Policy Statement will be published. Bullard and Evans of the Fed, Reserve Bank of Australia Governor Lowe, and ECB Governing Council member Coeure […] More

Brexit Exerting Intensifying Toll on Sterling

July 29, 2019

The pound fell 1.0% overnight against the dollar and euro. In British domestic trading, the FTSE-100 has jumped 2.0%, while the 10-year gilt yield dropped five basis points. The case of sterling exemplifies the fact that so long as global inflation remains subdued, currency depreciation is more desirable economically and politically than currency appreciation. Against […] More

Menu of Economic Data and Central Bank Events this Week

July 28, 2019

Central Banks: Monetary policy reviews at the Federal Reserve, Bank of England, Bank of Japan, Bank of Brazil, South African Reserve Bank, and Czech National Bank. Bank of Japan publishes quarterly Outlook and minutes of June monetary policy review. Fed Chairman Powell, Bank of England Carney, and Bank of Japan Governor Kuroda speak publicly. So […] More