Foreign Exchange Insights and Next Week
Next Week
September 27, 2013
The coming week bridges the end of the third quarter to the start of the final quarter of 2013. The September purchasing manager surveys for many countries will be published, first covering manufacturing and later service-producing activities. Germany and Britain also have construction PMI reports. Japan has a very busy data calendar including the Bank […] More
Central Bank Watch
Central Bank of Colombia
September 27, 2013
Another monthly Board of Directors meeting ended today without a change in the 3.25% benchmark interest rate. The last change was a reduction of 50 basis points on March 22 that punctuated a seven-move drop from 5.25% in which all six prior moves had been declines of 25 basis points. The streak began in July […] More
New Overnight Developments Abroad - Daily Update
In Search of Market Clarity
September 27, 2013
No single market theme stands out. Quarter-end is fast approaching. Another U.S. fiscal showdown looms. Overnight data have been mixed. Esther George, K.C. Federal Reserve President, criticized the FOMC’s backtrack on tapering; she favored a cut to $70 billion in monthly asset purchases. Japanese Finance Minister Aso did some backtracking of his own, indicating the […] More
