Foreign Exchange Insights and Next Week

Next Week

July 20, 2018

Central Banks: Monetary policy reviews at the European Central Bank (followed by ECB President Draghi’s press conference) and in Turkey, Hungary, Colombia, Chile and Russia. St. Louis Fed President Bullard speaks publicly. Events: OPEC oil ministers meeting and a meeting of Euroland finance ministers. Scheduled U.S. Statistical Releases: 2Q GDP, existing home sales, new home sales, […] More

Vulnerable Time for Emerging Market Currencies

July 19, 2018

The combination of a tightening Federal Reserve policy, escalating tariff warfare, and heightened geopolitical uncertainty can be particularly risky for the currencies of developing and emerging economies. They tend to be heavily dependent on trade as an engine of economic growth and reliant upon inflows of foreign capital to cover current account deficits. Also, the […] More

Next Week

July 13, 2018

Central Banks: Monetary policy reviews in South Africa and Indonesia. Jay Powell delivers semi-annual Humphrey Hawkins testimony to Senate Banking Committee on Tuesday and House Financial Services Committee on Wednesday. Fed Beige Book and minutes from the July Board meeting of the Reserve Bank of Australia will be published. Events and Holidays: A meeting of […] More

Next Week

July 6, 2018

Central Banks: Monetary policy meetings in Canada, South Korea, Malaysia, Poland, Serbia, Ukraine, Israel, and Peru. Fed officials speaking publicly include Bostic and Kashkari. Scheduled U.S. Statistical Releases: Consumer prices, producer prices, import prices, JOLTS index of worker hires and separations, NIFB small business sentiment index, Reuters/U. Michigan consumer sentiment, consumer credit and weekly jobless […] More

Dollar at Mid-2018

July 2, 2018

Unlike several past eras, the dollar is not currently experiencing a multiyear directional bias. Against other currencies monitored regularly on this web site, the U.S. currency rose in more instances than it fell during 2016. It depreciated in all instances last year but climbed, except against the yen, during the first half of 2018. To […] More

Next Week

June 29, 2018

Central Banks: Monetary policy reviews are scheduled in Australia, Sweden, and Romania. FOMC minutes and the results of the quarterly Bank of Japan survey of business conditions and expectations will be published. Holidays and Special Events: Next week kicks of the third quarter and second half of 2018. There are holiday closures on Monday in […] More

Next Week

June 15, 2018

Central Banks: Monetary policy reviews in the U.K., Switzerland, Thailand, Taiwan, The Philippines, Brazil, Mexico, Norway and Hungary. Release of Bank of Japan minutes. Fed officials speaking publicly include Powell, Bullard, Dudley, Bostic, and Williams. Other central bankers speaking in public include Draghi, Praet, Lautenschlaeger and Coeure of the ECB, Governor Kuroda of the BOJ […] More

Next Week

June 8, 2018

Central Banks: Monetary policy reviews by the FOMC, European Central Bank, Bank of Japan, Swiss National Bank, Central Bank of Chile, Bank of Russia, and Bank of Iceland. Powell, Draghi, Kuroda and Jordan will hold post-meeting press conferences at the Fed, ECB, BOJ and SNB. Reserve Bank of Australia Governor Lowe delivers a speech during […] More

Next Week

June 1, 2018

Central Banks: Monetary policy meetings scheduled in India, Australia, Poland, Serbia, Turkey and Peru. Bank of Canada Governor Poloz speaks publicly. Holidays and G7 Events: Queen’s Birthday observed Monday in New Zealand and South Korea’s Memorial Day on Wednesday. Finance ministers and central bank heads from the Group of Seven wrap up their meeting this […] More

Muted Movement in EUR/USD and USD/JPY Pairs During New York Trading Hours

May 30, 2018

For decades, I’ve been recording at least two quotes a day in major dollar relationships. Sometimes, I take down more than two quotes, but I always get a quote shortly after 4 PM and an earlier record around 7:30 in the morning. The latter quotes are the ones I use for my daily rate series […] More