Foreign Exchange Insights and Next Week
Take Two: Shouldn’t the Dollar Be Appreciating More Sharply?
March 19, 2014
One year ago, my Insights essay of the week was entitled Shouldn’t the Dollar be Appreciating More Sharply?. The falling U.S. fiscal and current account deficits were cited. So were a better composition of capital inflows, stronger growth than found in most other advanced economies, and low inflation. In the intervening year since the article […] More
Central Bank Watch
Central Bank of Iceland
March 19, 2014
Sedlabanki’s one-week collateralized lending rate will continue to be at 6.0%, the level since the last of six 25-basis point hikes engineered between August 2011 and November 2012. A statement released by officials noted that inflation lately has fallen more than expected but retained a long-term bias toward further tightening as unutilized productive resources get […] More
Central Bank Watch
FOMC Preview
March 19, 2014
The decision of the first Federal Open Market Committee meeting to be presided over by Chairwoman Janet Yellen is scheduled for 14OO EDT (1800 GMT) and will be followed by a press conference at 1430 EDT. New forecasts will be unveiled. Investors have been prepared to expect another $10 billion reduction in the size of […] More
New Overnight Developments Abroad - Daily Update
Awaiting Possible New Clues from the FOMC
March 19, 2014
The FOMC decision is due at 1600 GMT and will be followed by Janet Yellen’s first press conference a half hour later. Malaysian Flight 370 is still missing, with concerns climbing it will never be found. The dollar is unchanged against the euro and kiwi, up 0.4% versus the loonie and 0.1% relative to the […] More
