Foreign Exchange Insights and Next Week

Next Week

May 19, 2017

Central Banks: Monetary policy meetings in Canada, South Korea, South Africa, Thailand and Colombia. Publication of FOMC minutes. Bullard and Kaplan of the Federal Reserve speak publicly. So will Bank of Japan Governor Kuroda, Bank of Canada Deputy Gov. Leduc, and Reserve Bank of Australia Assistant Governor DeBelle. Holidays: Victoria Day in Canada on Monday […] More

Dollar Not Reacting Excessively to U.S. Political Instability

May 15, 2017

Not in decades has “Watergate” been so often cited in the news as a base of comparison for judging current events. Forty-five years separate the Trump Presidency from the criminal break-in to Democratic Party headquarters on June 17, 1972. This wide expanse of time is as great as Watergate was from the roaring 20s and […] More

Next Week

May 11, 2017

Central Banks: Policy meetings are scheduled next week in Indonesia, Iceland, Chile, Mexico and Poland. The Reserve Bank of Australia and European Central Bank release minutes from their last meeting. Bullard and Mester are two of the Fed officials speaking publicly. Holiday: Constitution Day in Norway on May 17. U.S. Releases: Industrial production, capacity usage, housing […] More

Next Week

May 5, 2017

Central Banks: Interest rate policy meetings in New Zealand, the U.K., Malaysia, The Philippines, Sri Lanka, Poland, and Peru. Several Fed officials to speak publicly including Bullard, Williams, Rosengren, Kaplan, Dudley, Evans, and Mester. Governor Kuroda and Harada of the BOJ speak publicly, and so will ECB President Draghi. Holidays: VE Day in France on […] More

Time Going By

May 2, 2017

A great hullabaloo was made as the 100th day of the Trump presidency approached, and now that it has passed, we’re left to wonder what that arbitrary milestone really signified. Perhaps a more significant milestone is six days away, namely that a half-year will then have elapsed since the 45th president of the United States […] More

Next Week

April 28, 2017

Holidays: Many markets will be closed Monday in observances celebrating workers, includin China, Germany, Italy, Spain, Norway, Hong Kong, Singapore, Mexico, Switzerland, South Africa, Brazil, South Korea, Greece and Portugal. Great Britain is shut also on Monday for the early May bank holiday. Japan’s market opens only for Monday and Tuesday. The so-called Golden Week […] More

Next Week

April 21, 2017

Central Banks: Monetary policy meetings are scheduled in Japan, Euroland, Sweden, Colombia, Russia, Turkey and Hungary. BOJ Governor Kuroda and ECB President Draghi will hold press conferences. The BOJ Board publishes an updated Outlook of Economic Activity and Prices. The governor of the Reserve Bank of Australia and President of the Swiss National Bank also […] More

Next Week

April 13, 2017

A lean holiday-shortened week lies ahead both from a data-release and central bank standpoint. Central Banks: Bank Indonesia holds an interest rate policy meeting on Thursday. Minutes from the last Reserve Bank of Australia meeting get released. So does the Fed Beige Book that examines regional U.S. economic trends. Eric Rosengren has a public speaking […] More

U.S. Foreign Exchange Policy

April 10, 2017

The Treasury Department is the government agency responsible for establishing and enforcing U.S. currency market policy.  The Secretary of the Treasury, aided by the Under Secretary for International Monetary Affairs, is the chief currency policy spokesman and negotiator. Former Treasury Secretary James Baker, for example, represented the United States when the Group of Five agreed to […] More

Next Week

April 7, 2017

Central Banks: Interest rate policy meetings in Canada, South Korea, Brazil, Chile, and Serbia. The Bank of Canada will publish a quarter Monetary Policy Report. Fed officials making public appearances in the week included Chair Yellen and District Presidents Bullard and Kashkari. Good Friday Holiday: Markits will be shut April 14th in a wide range […] More