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
