February 6, 2026
After a week of insane financial market movement, this Friday in particular has a TGIF aura to it. At lows around $60,000, Bitcoin’s price had corrected more than 50% from its record high last October. The price of silver soared to almost $121/ounce just over a week ago but has now edged a tad below […] Read Article
February 6, 2026
Central Banks: Interest rate settings will be reviewed in Russia, Peru, Serbia, Egypt and the Philippines. Hammack, Bostic and Logan of the Federal Reserve and Hunter and Hauser of the Reserve Bank of Australia will be speaking publicly. Japanese Holiday and Event: National Foundation Day falls on Tuesday, and lower house parliamentary elections are set […] Read Article
January 31, 2026
Colombia’s benchmark interest rate had been cut by total of 400 basis points from a peak of 13.25% and starting with a 25-basis point reduction in December 2023. The most recent cut, also of 25 bps, had been done nine months ago. No rate change had been anticipated at the first policy review of 2026, […] Read Article
January 31, 2026
The most spectacular financial market changes last month involved precious metals, whose prices posted impressive net gains despite enormous sell-offs on the final trading day of the month. At record peaks of $121.79 per ounce for silver and $5,626.8 for gold, those metal had accrued gains of 72% and almost 30%, but closed with net […] Read Article
February 5, 2026
The jittery mood of investors is generating big and sudden swings in world financial markets. While last year showcased a suspect dollar but buoyant equity markets, stocks, Bitcoin and precious metals have lately been the objects of most volatility. In overnight action up to this morning’s interest rate decision announcements by the the European Central […] More
February 4, 2026
Gold and silver prices remain strongly bid this Wednesday following sharp rebounds yesterday. Ahead of this weekend’s snap lower house elections,the yen traded 0.2% lower overnight, bringing is relapse since Friday to 2.4% against the dollar. Prime Minister Takaichi’s Liberal Democratic Party appears likely to increase its parliamentary seat total, which would facilitate the pursuit […] More
February 3, 2026
The dollar fell most sharply overnight against the Australian dollar (-0.8%) and kiwi (-0.5%) but also dipped 0.1% relative to the Swiss franc and Canadian dollar. There’s been no net change relative to sterling or the euro and a 0.2% rise against the yen. Favorable corporate news played a big role in yesterday’s U.S. stock […] More
February 2, 2026
(154) The 1993 movie Groundhog Day showcased a seemingly endless loop of life, constantly reliving the same day. So it is that this Groundhog Day kicks of a new week and month but with a slew of familiar geopolitical tensions, central banking uncertainties, and one-hand/other-hand economic risks. Like most months, this opening day’s menu has […] More
January 30, 2026
Central Banks: Monetary policy reviews are scheduled at the European central bank and in Australia, the U.K., India, Iceland, Mexico, Poland, and the Czech Republic. A slew of public speaking engagements by various central bankers, several like Bailey of the Bank of England, Bullock of the Reserve Bank of Australia and Lagarde of the ECB […] More
January 30, 2026
Since markets closed in the U.S. yesterday, the dollar has strengthened by 0.9% against the Japanese yen. 0.5% relative to the euro and sterling, 0.4% versus the Swiss franc and 0.3% against the Canadian dollar. The 10-year Treasury yield is two basis points firmer, and West Texas Intermediate oil has extended Thursday’s rise by another […] More
January 29, 2026
Fed Chairman Powell’s press conference yesterday elicited a subdued reaction in financial markets. Typical of the end of each month, there is an extensive menu of data getting released around the world today and tomorrow. Relative to Wednesday closing levels, the dollar has slid 0.2% or less against a variety of currencies including the euro, […] More
January 28, 2026
Changes made to the text of today’s statement and voting results at the meeting support today’s decision to pause interest rate cutting after 25-basis point reductions at each of last year’s final three meetings. Stephen Miran, Trump’s temporary appointment to fulfill the governorship vacancy after Adriana Kugler had resigned, cut his dissenting vote to a […] More
January 28, 2026
The Bank of Canada’s decision to hold its interest rate level at 2.25% was as expected, and the quarterly Monetary Policy Report made scant changes to the 2026 and 2027 growth and inflation forecasts. From a peak of 5.0% from July 2023 to an initial rate cut in June of 2024, the policy interest rate […] More
January 28, 2026
The eight scheduled Federal Open Market Committee meetings scheduled each year have become instances of very high theater. The progressive ramping up of pressure on the committee from the Trump administration hit new heights during the seven weeks since the group last met, forcing Chairman Powell is issue an unprecedented statement on January 11th defending […] 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