September 24, 2026
With Japanese markets opening for their first session of this week, sharp rises occurred today in ten-year sovereign debt yields around the Pacific Rim, amounting to 15 basis points in New Zealand, 13 basis points in Australia, 11 basis points in Japan, 8 basis points in Singapore and 7 bps in South Korea. That set […] Read Article
September 20, 2026
Central Banks: Interest rate policy reviews in China, Hungary, Switzerland, Indonesia, South Africa, Mexico, Sweden and Norway. Atypically many central bankers around the world have scheduled speaking engagements, including Goolsbee, Barr, Barkin, Paulson, Williams, Jefferson and Hammack from the Federal Reserve, Breeden, Lombardelli and Dhingra from the Bank of England, Lagarde, Cipollone, Slejpen, Vujle, and […] Read Article
September 24, 2026
At the Bank of Norway, the policy rate was raised by 25 basis points in follow-up to a similar hike done earlier this year in May. The new 4.5% rate level returns as a result to the peak maintained from December 2023 until June 2025. Back in June, monetary officials had given a heads up […] Read Article
September 21, 2026
Among second-quarter year-on-year comparisons, real gross domestic production expanded 2.1% in the United States, noticeably faster than growth of 1.2% in the U.K., 1.2% in Euroland, 1.1% in Canada, or 0.9% in Japan. Within the euro area, growth rates in Germany (1.0%), France (0.5%), Italy (1.0%), Belgium (0.5%), and the Netherlands (1.3%) were below the […] Read Article
September 23, 2026
the key interest rate of the South African Reserve Bank was raised by 25 basis points to 7.25%, but the hike was not unexpected even though consumer price inflation currently of 4.4% happens to be hovering in the middle of the 3-6% target range. A statement explaining today’s action declares “We see upside risks to […] More
September 23, 2026
The dollar advanced overnight by 0.8% versus the won and peso, 0.7% against the Australian dollar, 0.6% versus the New Zealand dollar, 0.5% relative to sterling, and 0.3% vis-a-vis the yen, Canadian dollar, Swiss franc and euro, which got as low as $1.1400 for the first time in 8 weeks. In spite of White House […] More
September 22, 2026
The past 24 hours have been very volatile for energy prices. A slide in oil prices extended into Monday evening, but a reversal has seen the price of West Texas Intermediate crude climb around $4 in the last six hours to $96.75 per barrel. General anxiety even if generated by the U.S. president once again […] More
September 21, 2026
(121) Today’s market adjustments revolve around the price of oil. Although shipping traffic through the Strait of Hormuz remains very light, Brent ($101.09 per barrel) and WTI ($97.67) have slumped by 2.7% and 2.6% amid some optimism ahead of the week’s summit in Washington between U.S. President Trump and Chinese President Xi. In turn, long-term […] More
September 18, 2026
After deliberating over two days for nearly five hours, the Bank of Japan Board rendered a 25-basis point hike of their short-term interest rate to 1.25%. The decision comes just three months after the previous increase and raises the cumulative change since last December to 75 basis points. The rate hadn’t been as high as […] More
September 18, 2026
After deliberating over two days for nearly five hours, the Bank of Japan Board rendered a 25-basis point hike of their short-term interest rate to 1.25%. The decision comes just three months after the previous increase and raises the cumulative change since last December to 75 basis points. The rate hadn’t been as high as […] More
September 16, 2026
In line with a nearly universally held consensus, the federal funds target was raised by 25 basis points to a range of 3.75-4.00%. This tightening was the first change of Kevin Warsh Fed chairmanship and the first rate increase since July 2023. The U.S. still has elevated inflation and solid economic activity that rests on […] More
September 16, 2026
The Federal Reserve has not raised its targeted interest rate since September 2023, but financial markets are placing very high odds on that streak ending three hours from now. Coincidentally, this likely directional reversal comes on the 34th anniversary of what arguably was one of the most memorable currency market events of the floating dollar […] More
September 15, 2026
The Central Bank of Armenia’s refinancing rate has been increased to 6.75% from 6.50%, reversing a 25-basis point cut implemented last December. The rate had been as high as 10.75% in the first half of 2023. From a low point of -1.7% early in 2024, consumer price inflation has re-accelerated to 4.4%. Officials target medium-term […] More
September 15, 2026
The Brent and West Texas Intermediate crude oil prices climbed by a further 2.4% and 2.8% overnight. The Middle East’s stalemate keeps subjecting interest rates to upward pressure. The 30-year, 10-year and 3-month U.S. Treasury yields are 1, 1, and 2 basis points higher than yesterday, while ten-year sovereign debt yields in other economies have […] More
Currency Thoughts has evolved from a blog to a full-functioning website. This new design provides easier access to your favorite features and new capabilities to accept ads. In the future, it will be possible to register to accept emailed updates.
Posts