Foreign Exchange Insights and Next Week
Next Week
July 11, 2014
Central bank news will be in the spotlight. Fed Chair Janet Yellen goes before the Senate Banking Committee on Tuesday to deliver the semi-annual Monetary Policy and State of the Economy report and reprises that testimony on Wednesday before the House Financial Services Committee. The Bank of Japan’s monthly two-day Policy Board meeting on Monday-Tuesday […] More
Deeper Analysis
U.S. and Canadian Labor Market Performances Unusually Divergent
July 11, 2014
U.S. non-farm payroll jobs rose 272K per month in the second quarter, their fastest pace of increase since March-May 2010, which was inflated by temporary census workers. Jobs have risen at least 200K in each of the past five months. In June, they climbed by 288K. Canada, in contrast, experienced a 9.4K drop in employment […] More
Central Bank Watch
Second Easing in Seven Months by Central Reserve Bank of Peru
July 11, 2014
Peru’s reference interest rate has been cut to 3.75% from 4.0%. A reduction to 4.0% from 4.25% last November was the first cut in just over four years. In between from a low of 1.25%, the central bank rate was increased by 175 basis points during 2010 and by 125 bps in the first five […] More
New Overnight Developments Abroad - Daily Update
Very Quiet in Foreign Exchange
July 11, 2014
The dollar shows no net changes overnight against the euro, yen, Australian dollar, yuan or sterling. The greenback has ticked 0.1% higher versus the kiwi and Swiss franc and edged down 0.1% versus the loonie. Stock trading in the Pacific Rim extended yesterday’s drop in North America and Europe, but there’s been a rebound today […] More
