Foreign Exchange Insights and Next Week

Next Week’s Menu: January 16-22, 2021

January 15, 2021

Central Banks: Many central bank policy reviews are scheduled next week, involving among others Canada, Japan, Euroland, Mexico, Norway, Turkey, South Africa, Malaysia, Brazil, Ukraine, China, and Indonesia. European Central Bank President Lagarde, Bank of Canada Governor Macklem, and Bank of Japan Governor Kuroda will be holding press conferences, and the Bank of England’s Haldane, […] More

Next Week’s Menu: January 9-15, 2021

January 8, 2021

Central Banks: Monetary policies will be reviewed in South Korea, Poland, Peru, and Serbia. Tenreyro, Bailey, and Broadbent of the Bank of England will be speaking publicly. The Fed Beige Book of regional economic conditions will be published. Holiday: Japanese Coming of Age holiday on Monday. Scheduled U.S. Economic Data Releases: Consumer prices, producer prices, […] More

Dollar in a Challenging Situation

January 7, 2021

The dollar depreciated much of the time last year, dropping from end-2019 to end-2020 by 9.0% against the Australian dollar, 8.2% versus the euro, 6.2% relative to the Chinese yuan and 5.0% against the Japanese yen. Those losses mask a well-bid first quarter that saw the U.S. currency attain its best trade-weighted value for the […] More

Coming Week’s Menu: January 2- 8, 2021

January 2, 2021

Holiday’s and Special Events: New Zealand remains closed Monday for the New Year’s Day holiday, and Italians observe Epiphany Day on Wednesday. Also on Wednesday, Georgian voters will select each of their two senators, which in turn will decide party control of the upper chamber of the U.S. Congress. Separately on Wednesday, the senate will […] More

Next Week’s Menu: December 26,2020 – January 01, 2021

December 25, 2020

Central Banks: No meaningful interest rate policy reviews are scheduled. Bank of Canada Governor Macklem speaks publicly, and the Bank of Japan’s publishes a summary of its most recent Board meeting. Holidays and Special Events: Boxing Day is observed Monday in Australia, Canada, New Zealand and Great Britain. Several markets will be closed Thursday either […] More

Next Week’s Menu: December 19 – 25, 2020

December 18, 2020

Central Banks: Monetary policy reviews are scheduled in Turkey and Thailand. The People’s Bank of China will announce its prime loan rate levels for the coming month, and minutes get published from the BOJ Board meeting. Events and Holidays: Most markets are closed Friday for Christmas, Japan being a notable exception, and many markets are […] More

Next Week’s Menu: December 12 -18, 2020

December 11, 2020

Central Banks: Monetary policies will be reviewed by the Federal Reserve and in Switzerland, Norway, Great Britain, Hungary, Indonesia, Taiwan, Japan, the Czech Republic, Russia, Mexico and Colombia. FOMC macroeconomic projections will be updated. Reserve Bank of Australia minutes and the Bank of Japan’s quarterly Tankan survey of corporate expectations and conditions will be published. […] More

Next Week’s Menu: December 5-11, 2020

December 4, 2020

Central Banks: Monetary policies will be reviewed by central banks in Euroland, Canada, Brazil, Peru, Chile, Ukraine, and Serbia. ECB President Lagarde, Bank of Canada Governor Macklem, Reserve Bank of Australia Governor Lowe are among the central bankers, who will be speaking publicly next week. The Bank of Japan’s quarterly Tankan survey of corporate conditions […] More

Dollar Outlook Quite Confused

November 30, 2020

In a year of enormous social and economic stress, net dollar movements since the end of 2019 have been extraordinarily muted. Many economies recorded contractions in the second quarter followed by record positive growth in the third quarter. Close to 1-1/4 million people globally have died from Covid-19, and the disease that first surfaced a […] More

Next Week’s Menu: November 28 – December 4, 2020

November 27, 2020

Central Banks: Monetary policies to be reviewed in Australia, India, Poland and Israel. Powell and Williams of the Federal Reserve, Tenreyro of the Bank of England, and Lowe of the Reserve Bank of Australia speak publicly. The Fed Beige Book will be published. Special Events: Meetings of OPEC and EcoFin. Continuing U.K./EU trade negotiations. Purchasing […] More