Archive for August 16th, 2013

Foreign Exchange Insights and Next Week

Next Week

August 16, 2013

Central Bank meetings are scheduled in Turkey, Israel, Thailand and Iceland.  Minutes from the last FOMC and Reserve Bank of Australia meetings will be published. There may be less interest than usual in the Jackson Hole Symposium hosted by the Kansas City Fed because Fed Chairman Bernanke will not be attending, and fewer stars are […] More

Deeper Analysis

Three More U.S. Data Releases

August 16, 2013

The housing and labor productivity reports pose no impediment to apparent FOMC plans to rein back asset purchases as soon as the September policy meeting.  Housing starts bounced 5.9% in July and were 20.9% higher than a year earlier, results that were marginally better than forecast.  Building permits also climbed 2.7%, auguring a continuing uptrend […] More

Central Bank Watch

Central Bank of Sri Lanka

August 16, 2013

As in June and July, Sri Lankan central bank interest rates were left unchanged after this month’s policy meeting, but a statement released by the authorities hints of a possible further cut in the future.  The repo rate and reverse repo rates were cut by 25 basis points last December and another 50 bps on […] More

New Overnight Developments Abroad - Daily Update

A Less Volatile Day So Far than Thursday

August 16, 2013

The dollar is unchanged against the Swiss franc, kiwi and yuan.  The greenback has edged up 0.2% versus the Canadian dollar and 0.1% relative to the euro, yen and sterling while dropping 0.3% against the Australian dollar. Share prices slumped around the Pacific Rim by 3.9% in India, 2.5% in Indonesia, and 0.8% in the […] More