New Overnight Developments Abroad - Daily Update
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
Tags: Central Bank of Armenia, Reserve Bank of Australia, Turkish CPI and PPI
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New Overnight Developments Abroad - Daily Update
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
Tags: Bank of Japan summary of last board meeting, Indonesian trade and CPI, manufacturing purchasing manager surveys in January 2026, precious metal volatility
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New Overnight Developments Abroad - Daily Update
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
Tags: choice of Kevin Warsh to chair Fed, Euroland GDP and employment, Japanese retail sales and industrial production, South African Reserve Bank
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New Overnight Developments Abroad - Daily Update
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
Tags: Central Bank of Brazil, Euroland economic sentiment, National Bank of Ukraine, Swedish Riksbank
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Central Bank Watch
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
Tags: FOMC decision and Powell's press conference
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Central Bank Watch
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
Tags: Bank of Canada
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Central Bank Watch
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
Tags: FOMC preview
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New Overnight Developments Abroad - Daily Update
January 28, 2026
Financial market watchers and participants are overwhelmingly convinced that the Federal Open Market Committee will leave its federal funds target at 3.50-3.75%. The announcement arrives at 14:00 EST and will be followed by Chairman Powell’s press conference beginning 30 minutes later. Fed forecasts do not get updated this time. After this FOMC meeting, there will […] More
Tags: Australian CPI inflation, Central Bank of Sri Lanka, FOMC announcement later today, German and Italian consumer confidence
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New Overnight Developments Abroad - Daily Update
January 27, 2026
Perhaps motivated by a desire to deflect attention away from the mess that ICE has made in Minneapolis, President Trump wielded the tariff weapon once again, threatening South Korea with a 10 percentage point jump to 25% in the U.S. tariff imposed on that economy’s exports to the United States. That gambit, however, was overwhelmed […] More
Tags: EU-India trade deal, French consumer confidence, National Bank of Kyrgyzstan
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New Overnight Developments Abroad - Daily Update
January 26, 2026
(155) Ahead of a possible U.S. government shutdown at the end of this month and on the heels of another killed civilian in Minneapolis, the dollar by early afternoon in NY had depreciated 1.2% against the yen, 0.8% versus the Swiss franc, South Korean won and kiwi and 0.5% relative to the euro and sterling. […] More
Tags: German business climate index, National Bank of Pakistan, U.S. durable goods orders
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