Foreign Exchange Insights and Next Week

The Dollar in Years When a New President Is Inaugurated

January 17, 2017

In February 1973, the second dollar devaluation in 14 months failed to stem heavy speculative downward pressure on the U.S. currency. Just a couple of weeks later, fixed exchange rates imposed by rigidly automatic central bank intervention were ended against the currencies of other advanced economies. A new system of floating exchange rates was born, […] More

Next Week

January 13, 2017

Holidays and Special Events: On Monday, Martin Luther King’s Birthday in the United States. Tuesday-Friday World Economic Forum in Davos, Switzerland. Inaugural of Trump/Pence on Friday. Central Banks: Interest rate policy meetings in Canada, Euroland, Malaysia, Chile, Turkey and Indonesia. Yellen, Dudley and Harker of the Fed speak publicly. ECB President Draghi and Bank of […] More

2017 Fact Sheet

January 9, 2017

Dollar High/Low Trading Ranges in 2016 versus 2015 ranges in (). $1.0352 to $1.1616 per euro   ($1.0459 – 1.2108) 121.11 to 99.01 yen per dollar   (125.86 – 115.86) $1.1807 to $1.5019 per pound sterling   ($1.4566 – 1.5930) 1.0343 to 0.9445 Swiss francs per dollar   (1.0328 – 0.7424) 1.4690 to 1.2462 Canadian […] More

Next Week

January 6, 2017

Japanese Holiday Closure: Coming of Age Day on Monday. Central Banks: Brazil, Poland, South Korea, Indonesia, and Serbia have scheduled monetary policy meetings. The ECB Account of its last council meeting gets published. Harker, Yellen, Evans, Lockhart, and Rosengren of the Fed speak publicly. Scheduled U.S. Economic Data Releases: Retail sales, import prices, producer prices, […] More

Next Week

December 30, 2016

Holiday Closures: No holiday is more widely shared than New Years Day. Since such fall on a Sunday in 2017, most markets will be shut on Monday. New Zealand and Japan well remain closed Tuesday, and Japan’s markets will observe only a half day on Wednesday. Some markets like Spain and Italy will be observing […] More

2016 Market Movements Before and After the U.S. Election

December 29, 2016

The U.S. election on November 8th was a turning point for many financial market instruments. The ten-year Treasury yield had declined 41 basis points to 1.86% between the end of 2015 and the election. This was twice the net increase registered in calendar 2015. Since the election, the yield has climbed 63 basis points. Since […] More

Next and Last Week of 2016

December 23, 2016

Many Holiday Closures Including: United States, U.K., Germany, France, Spain, Italy, Switzerland, Australia, New Zealand, Canada, Hong Kong and South Africa on Monday and Australia, New Zealand, Hong Kong, Britain, Greece and Canada on Tuesday for a combination of Christmas, Boxing Day or St. Stephen’s Day. Also, Russia and early closes in Germany and Britain […] More

Next Week

December 16, 2016

Central Banks: In the week before Christmas, monetary policy meetings are scheduled in Japan, Hungary, Sweden, the Czech Republic, Thailand and The Philippines. Central Banks in Australia, India and Japan will publish minutes of their last meetings. Friday Holidays: Emperors Birthday. A number of markets will shut early Friday for Christmas. Scheduled U.S. Economic Statistical […] More

Stocks and Commodities Fell, while Dollar and Treasury Yields Rose During Yellen Press Conference

December 14, 2016

The success of a press conference is often measured by whether such elicited a positive market response. That didn’t necessarily happen today. The conference ended at 15:21 EST, a shade sooner than the usual full hour taken. Comparing market levels then to those just before the FOMC statement was released at 14:00 EST, the dollar […] More

Next Week

December 9, 2016

Central Banks: Wednesday’s Federal Open Market Committee meeting heads a list of no fewer than a dozen central bank interest rate policy meetings next week that also includes the U.K., Switzerland, Norway, Iceland, Russia, Indonesia, South Korea, Mexico, Colombia, Chile and Peru. The Fed’s meeting, which is universally expected to raise the federal funds target, will […] More