Archive for May 15th, 2014

Central Bank Watch

Central Bank of Chile

May 15, 2014

Although keeping the monetary policy rate of 4.0% unchanged as they did also a month ago, monetary authorities spoke about monitoring above-target inflation with a greater sense of vigilance in this month’s statement.:  “The most likely scenario assumes that the rise in inflation —associated with the peso depreciation, among other factors— is a temporary development, […] More

Foreign Exchange Insights and Next Week

Quad-Regional Economic Uncertainty

May 15, 2014

The second quarter of 2014 is half completed, and the unofficial summer trading season in foreign exchange begins in two weeks.  Summer trading currency traders are coming and going from summer holidaysl has unique properties, notably a drop in volume and participant continuity.  Although several important forex trend reversals were conceived in summer, a bigger […] More

New Overnight Developments Abroad - Daily Update

Myriad First-Quarter GDP Results

May 15, 2014

The euro touched an 11-week low of $1.3650 overnight and is trading 0.4% lower on balance.  The U.S. currency has also climbed 0.6% against the Swiss franc and 0.1% relative to the yen, Aussie dollar and sterling.  The loonie is 0.1% firmer, while the kiwi and yuan were unchanged on balance overnight. Share prices slumped […] More