Foreign Exchange Insights and Next Week
Next Week
December 6, 2013
Central bank interest rate policy meetings will be held next week in Switzerland, South Korea, New Zealand, Indonesia, Iceland, the Philippines and Chile. The monthly ECB Bulletin gets published. Bank of England Governor Carney, Bank of Canada Governor Poloz, and Lacker, Bullard and Fisher of the Federal Reserve speak publicly. So does U.S. Treasury Secretary […] More
Central Bank Watch
No Rate Change from the Bank of Mexico
December 6, 2013
After overnight lending rate cuts this year of 50 basis points in March 25 bps in September and, most recently, 25 bps to 3.0% on October 25, Bank of Mexico policymakers seem satisfied with the status quo and likely to remain so for another year of more. That’s the implication of the latest interest rate […] More
Deeper Analysis
Brief Comment on U.S. Jobs Report
December 6, 2013
The data were better than forecast. The 203K rise in non-farm payroll jobs last month beat the market consensus by 30K and was consistent with an average increase over the past four reported months of 204K. Such a pace translates into a 1.81% annualized rate. That trend is virtually in line with annualized employment growth […] More
New Overnight Developments Abroad - Daily Update
First Friday of the Month
December 6, 2013
Investors await U.S. and Canadian jobs figures. Analysts project a 185K increase in U.S. employment. A gain of 200K or more would goose speculation about earlier Fed tapering. Ahead of this key release, traditionally scheduled for the first Friday of the month, the dollar is unchanged against the euro and Aussie dollar, up by 0.3% […] More
