Foreign Exchange Insights and Next Week
Next Week
August 1, 2014
Monetary policy meetings are scheduled next week at the ECB and in Japan, Australia, U.K., Thailand, India and Romania. The Reserve Bank of Australia releases the quarterly Monetary Policy Statement. Many countries will be reporting CPI, trade and industrial production. CPI: Switzerland, the Netherlands, Ireland, Cyprus, Indonesia, the Philippines, Taiwan, Mexico, Brazil, China, and Greece. […] More
Deeper Analysis
Improved Pace of U.S. Manufacturing Not Matched in Euro Area
August 1, 2014
While Euroland’s manufacturing purchasing managers index stagnated at 51.8, signifying a low and unchanging pace of activity as the third quarter began, the U.S. manufacturing PMI advanced 1.8 points to 57.1. Bear in mind that Euroland’s PMI is compiled by Markit Economics, while the U.S. index is prepared by the Institute of Supply Management. Recently, […] More
Central Bank Watch
Central Bank of the Republic of Colombia
August 1, 2014
Colombian monetary policy continues to be normalized. Following 25-basis point benchmark central bank rates from a base of 3.25% on April 25, May 31, and June 25, a fourth tightening was engineered on July 31. This puts the key interest rate up a total of 100 basis points to 4.25%. The Colombian economy is expanding […] More
New Overnight Developments Abroad - Daily Update
The Day After
August 1, 2014
One day after share prices hit an air pocket, investors received a lot more high-profile economic news including the U.S. July Labor Department report on jobs and unemployment and numerous manufacturing purchasing manager surveys, also for July. Back to form, the dollar hasn’t moved much further. The greenback has changed most against sterling, +0.3%, and […] More
