Foreign Exchange Insights and Next Week

Next Week

May 17, 2019

Central Banks: Monetary policy reviews are scheduled in Iceland, Israel and South Africa. Minutes of prior meeting to be published by the Federal Reserve, European Central Bank and Reserve Bank of Australia. Fed officials speaking publicly next week include Chairman Powell and Barkin, Daly, Kaplan, Bostic, Bullard, Evans and Rosengren. Draghi and Praet of the […] More

Next Week

May 10, 2019

Central Banks: Monetary policy reviews planned in Mexico, Indonesia, Poland and Romania. Lane of the Bank of Canada and Bullock of the Reserve Bank of Australia will be speaking publicly. Events and Holidays: There’s a monthly Eurogroup meeting Thursday. Hong Kong will observe Buddha’s Birthday on Monday, and Friday is Norway’s Constitution Day. Scheduled U.S. […] More

Dollar Movement Has Become Unremarkable

May 7, 2019

After a system of fixed dollar parities against other major currencies was replaced by market-determined flexible exchange rates in March 1973, currency trading attracted considerable investor and business attention amid a propensity toward wide and erratic dollar swings that could overwhelm the profitability of business decisions based on other considerations. The dollar not only exhibited […] More

Next Week

May 3, 2019

Central Banks: Monetary policy meetings scheduled in Australia, New Zealand, Malaysia, the Philippines, Thailand, Brazil, Peru, Chile, Norway and Serbia. Australia’s central bank will publish the quarterly Monetary Policy Statement, and Bank of Japan Board minutes get released. Bostic, Evans and Harker are some of the Federal Reserve officials speaking publicly next week, and so […] More

Next Week

April 26, 2019

Central Banks: Monetary policy meetings are scheduled next week at the Federal Reserve, Bank of England and Czech National Bank. Fed Chairman Powell holds a press conference on Wednesday following the FOMC announcement, and Vice Chairman Clarida, Williams, Evans, Bullard, Mester, Daly and Kaplan also will be speaking publicly next week. So will Bank of […] More

Next Week

April 19, 2019

Central Banks: Monetary policy meetings in Japan, Canada, Indonesia, Sweden, Russia and Turkey. The quarterly Bank of Japan Outlook for Economic Growth and Prices and the Bank of Canada Monetary Policy Report will be published. Bank of Canada Governor Poloz, Bank of Japan Governor Kuroda, and Swiss National Bank President Jordan will be speaking publicly […] More

Next Week

April 12, 2019

Central Banks: A monetary policy review is scheduled at the Bank of Korea, and minutes from the last Reserve Bank of Australia Board meeting and the Fed’s Beige will be published. Fed officials with public speaking engagements next week include Bullard, Harker, Logan, Kaplan, Rosengren, Bostic and Evans. Governor Carney and Haskell of the Bank […] More

Next Week

April 5, 2019

Central Banks: The European Central Bank heads a list of scheduled central banks that will be reviewing monetary policy next week. Serbia, Peru and Israel are also on that list. Minutes from the FOMC meeting in March will be published. Mersch and Draghi of the ECB, DeBelle of the Reserve Bank of Australia, Fed Vice […] More

Next Week

March 29, 2019

Central Banks: Monetary policy reviews in India, Australia, Poland and Romania. The Bank of Japan publishes the quarterly Tankan survey of corporate conditions and expectations. Bostic and Mester of the Federal Reserve speak publicly. So too will Bank of Canada Governor Poloz. Holidays and Special Notes: China and Hong Kong will be shut Friday for […] More

Less Dollar Volatility in First Quarter Than Meets the Eye

March 25, 2019

Long-time readers of Currency Thoughts have no doubt observed a diminished frequency of  “insight” posts on the dollar in this space. A reason for this is that currency markets in recent years have been dominated by unexpected and abnormal political and policy developments to an even greater extent than usual. Surprise shocks are the bane […] More