Foreign Exchange Insights and Next Week

Next Week

December 8, 2017

Central Banks: The Fed, ECB and Bank of England lead a long list of central banks holding their final monetary policy reviews of 2017. Other countries on the list are Switzerland, Russia, Norway, Iceland, Indonesia, Ukraine, Mexico, Peru, Chile, Turkey and Colombia. Yellen of the Fed, Kuroda of the Bank of Japan, Draghi of the […] More

Next Week

December 1, 2017

Central Bank Policy Reviews: Australia, Brazil, Canada, India, Poland, and Serbia. Purchasing Managers Surveys: Private domestic, non-oil, or manufacturing PMIs for November to be released for South Africa, Singapore, Malaysia, Indonesia, Lebanon, Egypt, Saudi Arabia and the United Arab Emirates. Retail PMIs for Euroland, Germany, France and Italy. Construction PMIs due for Australia and Great […] More

U.S. Populism Already Depressing the Dollar

November 28, 2017

The dollar has lost approximately 13% against the euro, 6% relative to the yen, and 9% on a trade-weighted basis compared to its strongest levels since the November 2016 U.S. election. The dollar has declined so far this quarter by a bit about 2% against the common European currency on top of a 3.3% drop […] More

Next Week

November 17, 2017

Central Banks: There are monetary policy meetings in South Africa, Hungary and Colombia. Meetings of recent meetings will be released at the Fed, ECB and Reserve Bank of Australia. Fed Chair Yellen delivers a speech as do ECB President Draghi, Swiss National Bank Jordan and RBA Governor Lowe. Holidays: Revolution Day in Mexico and Black […] More

Dollar Performance When Big U.S. Tax Cuts Are Undertaken

November 13, 2017

It remains unclear whether President Trump will get a tax cut law to sign by the end of this year or even in 2018. Both the Republican-controlled congress and he want to get this done, but the devil is in the details. If this legislation indeed happens, it will undoubtedly be large in scale like […] More

Next Week

November 10, 2017

Central Banks: Just a couple of monetary policy meetings, notably in Chile, Iceland, and Indonesia. However, there are many central bankers who’ll be speaking publicly such as Yellen, Evans, Harker, Williams, Bostic and Mester from the Fed. Also Bank of Japan Governor Kuroda, ECB President Draghi and Vice-President Constancio, and Bank of England Governor Carney. […] More

Next Week

November 5, 2017

Central Bank Beat: Monetary policy reviews scheduled in Australia, New Zealand, Poland, Serbia, Romania, The Philippines, Malaysia, Thailand, Sri Lanka, Peru and Mexico. The Reserve Bank of Australia’s quarterly Monetary Policy Statement will be published, and the Bank of Japan’s releases minutes from its September meeting and a summary of its October meeting. Chiefs of […] More

2017 Isn’t 1981

October 30, 2017

The dollar famously soared in the early 1980s on a mix of tighter monetary policy and a stimulative fiscal policy driven by sharp U.S. tax reduction. Such a policy configuration is falling into place as 2017 winds down, and market sentiment towards the dollar seems to be improving judging by momentum behind published forecasts. Moreover, […] More

Next Week

October 27, 2017

Central Banks: The identity of the next Federal Reserve Chairperson is expected to be revealed next week. The FOMC meets Tuesday and Wednesday for its penultimate policy review of 2017. Other central bank policy meetings are scheduled at the Bank of England, Bank of Japan, and Czech National Bank. A majority of analysts expect to […] More

Next Week

October 20, 2017

Central Bank Action: Monetary policy meetings are scheduled at the European Central Bank, Bank of Canada, Swedish Riksbank, Bank of Norway, Central Bank of Brazil, Bank of Russia, and central banks in Ukraine, Colombia, Turkey, and Hungary. The ECB’s quantitative stimulus plans in 2018 will be detailed, and the Bank of Canada will release a […] More