Foreign Exchange Insights and Next Week
Next Week
October 25, 2013
New Zealand observes Labor Day on Monday, and numerous European countries celebrate All Saints Day on Friday. European clocks will be set back an hour this weekend. The U.S. doesn’t go back to standard time until the following weekend. Central bank interest rate policy meetings are planned at the Federal Reserve (but with no press […] More
Central Bank Watch
Bank of Mexico Cut Interest Rate Again
October 25, 2013
The central bank rate was cut by 25 basis points to 3.5%. This action was expected and follows two earlier reductions this year of 50 basis points in March and 25 bps at the prior meeting in early September. The cut in March was the first change since seven reductions totaling 375 basis points dosed […] More
New Overnight Developments Abroad - Daily Update
Concerns about Rising Chinese Interest Rates
October 25, 2013
Short-term Chinese money market rates climbed higher overnight to multi-month highs. The People’s Bank of China introduced a new prime lending rate. Key data releases this Friday include Japanese consumer prices, the German IFO business climate index, British 3Q GDP, and Euroland money and credit. Comments from the governor of the Reserve Bank of New […] More
