New Overnight Developments Abroad - Daily Update
August 7, 2026
The dollar marked time overnight, with no net changes against the euro, loonie or its weighted DXY index, an uptick of 0.1% relative to sterling, and downticks of 0.1% versus the Australian dollar and Japanese yen. Bigger drops of 0.3% occurred against the Mexican peso, Indonesia rupiah and Swiss franc and of 0.5% relative to […] More
Tags: Bank of Mexico, Canadian employment and unemployment
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New Overnight Developments Abroad - Daily Update
August 6, 2026
Pick your cliche. Waiting for Godot. It ain’t over til the fat lady sings, or the Trumpian favorite that we’ll have to see what happens. Iran and Oman, which occupies the other side of the narrow Strait of Hormuz, are reportedly crafting an interim commitment to partially but not fully open the shipping passageway. Military […] More
Tags: British and Euroland construction PMI results, Central Bank of Brazil, Czech National Bank, French and Italian industrial production, German industrial orders, National Bank of Moldova
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Central Bank Watch
August 5, 2026
Four 25-basis point rate cuts at the Central Bank of Brazil have lowered such to 14.0%, which still remains far above the latest 12-month 4.6% rate of consumer price inflation. Today’s reduction was decided unanimously, and more cautious downward moves are to be expected in coming months. A three percentage point inflation corridor is targeted, […] More
Tags: Central Bank of Brazil
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New Overnight Developments Abroad - Daily Update
August 5, 2026
On the heels of yesterday’s record U.S. equity market closes, financial markets are feeling optimistic. Axios reports that a 60-day deal that would open the Strait of Hormuz involving the U.S., Oman and Iran is very close. Sources in Qatar claim that a draft has been written, and both President Trump and his Treasury Secretary, […] More
Tags: Euroland PPI, July 2026 composite purchasing manager indices, Reserve Bank of India
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New Overnight Developments Abroad - Daily Update
August 4, 2026
Monday’s U.S. stock market rally had been triggered by another last-minute pull-back in President Trump’s threat to annihilate Iran militarily. Yet again, his willingness to give diplomatic talks one more chance was quickly met with a different narrative with Iran that direct talks between the two countries have not resumed. They are only speaking to […] More
Tags: Central Bank of Armenia
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New Overnight Developments Abroad - Daily Update
August 3, 2026
(128) President Trump repeated the prior weekend’s geopolitical gambit. Like then, he had threatened before the weekend that massive military strikes against Iran were imminent, only to rescind that order and announce that a diplomatic approach will be tried instead. In both instances, the price of West Texas Intermediate crude oil has traded 6.8% lower […] More
Tags: Manufacturing PMIs, Turkish CPI and PPI
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New Overnight Developments Abroad - Daily Update
July 31, 2026
What started as a war between the U.S. and Israel on the one hand and Iran on the other has broadened into a regional conflict that threatens to engulf Europe with a triple shipping choke-hold at the Strait of Hormuz, Bab el-Mandeb Strait, and Suez Canal. The price of West Texas Intermediate crude oil climbed […] More
Tags: Bank of Japan, Euroland CPI, Japanese retail sales and industrial production, U.S. employment cost index
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New Overnight Developments Abroad - Daily Update
July 30, 2026
In the wake of the Fed’s policy decision, equity markets have swung widely, and the dollar has declined, with additional overnight losses of 0.9% against the South Korean won, 0.8% relative to the kiwi, 0.4% relative to the Japanese yen, Australian dollar and Mexican peso, 0.2% versus the Swiss franc and Indian rupee, and 0.1% […] More
Tags: Bank of England, Euroland economic sentiment, National Bank of Ukraine, U.S. and Euroland GDP growth in 2Q 2026, U.S. PCE price deflator
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Central Bank Watch
July 29, 2026
The FOMC decided to keep the federal funds rate target range unchanged at 3.50-3.75% where such has been since a reduction of 25 basis points announced last December 10th. This was the fifth of eight scheduled policy reviews in 2026, and each of them has ended with the same result. Whereas the previous meeting in […] More
Tags: FOMC statement and press conference
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Central Bank Watch
July 29, 2026
It’s almost certainly only a matter of time before the federal funds targeted interest rate is increased to counter above-target inflation and the growing risk of a rise in medium-term expected inflation. Seven and a half months have passed since the cut announced on December 10 put the target at 3.50-3.75%. Compared to then, monthly […] More
Tags: FOMC meeting
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