Archive for July 25th, 2014

Foreign Exchange Insights and Next Week

Next Week

July 25, 2014

Central bank interest rate policy meetings are being held next week in the United States, Czech Republic, Israel, and the Philippines.  There is no press conference after the FOMC announcement.  Bank of Japan Governor Kuroda and Board member Ishida speak publicly during the week.  The Swiss market is closed next Friday to observe the national […] More

Central Bank Watch

Central Bank of the Russian Federation

July 25, 2014

There’s no such thing as a free war, and a direct consequence of President Putin’s reckless behavior with neighboring Ukraine has been a weak ruble that’s imported inflation and forced the Russian central bank to tighten monetary policy.  This in turn points to slower economic growth.  The key central bank interest rate was earlier hiked […] More

New Overnight Developments Abroad - Daily Update

Japanese CPI, German IFO and Russian Rate Hike Fail to Move Dollar Much

July 25, 2014

The dollar is unchanged against the yuan and sterling and firmer by 0.3% relative to the kiwi, 0.2% versus the loonie, and 0.1% against the euro, Swissie, Australian dollar and yen. Share prices rose 1.1% in Japan and China, 0.4% in New Zealand and South Korea, and 0.3% in Hong Kong, but they have fallen […] More