Archive for August 15th, 2013

Foreign Exchange Insights and Next Week

No More Fun Watching Currencies

August 15, 2013

The thrill is gone for long-time dollar watchers like myself and not because of a lack of interesting developments happening on the policy front, in economic trends, or to other markets.  Middle East violence is again holding the world hostage both politically and economically.  Europe seems to be emerging from recessions but with its banks […] More

Central Bank Watch

Bank Indonesia Officials Decline to Tighten Further

August 15, 2013

Benchmark interest rate hikes of 25 basis points in June and 50 bps in July reversed cuts administered in November 2011 and February 2012.  The present central bank rate level of 6.5% matches the level maintained until February 2011 in the wake of the Great Recession. A further hike in the benchmark interest rate was […] More

New Overnight Developments Abroad - Daily Update

Awaiting U.S. Data on this Historic Anniversary

August 15, 2013

There is a big U.S. data release calendar that includes industrial production, the Philly Fed and Empire State manufacturing indices, the National Association of Home Builders index, Treasury-reported capital flows (TIC), and weekly jobless insurance claims.  Former President Nixon severed the link between the dollar and gold 42 years ago today. Trading in Europe was […] More