Archive for August 27th, 2014

Foreign Exchange Insights and Next Week

The Political Will to Encourage a Weaker Euro Will Continue to Build and Build

August 27, 2014

ECB officials face difficult choices.  Deflationary risks are not fading as they had hoped.  The confidence of businesses and households has started to flounder.  Investors are readying for quantitative easing (QE).  But there are good reasons why until now QE hasn’t been implemented by the ECB in sharp contrast to central bank policies in Japan, […] More

Central Bank Watch

A Somewhat Peculiar Statement from the Central Bank of the Republic of Turkey

August 27, 2014

The monetary policy committee left its one-week repo rate and overnight borrowing rate unchanged at 8.25% and 7.5%, respectively, but surprised analysts with a 75-basis point cut of the overnight lending rate to 11.25%.  That rate hadn’t changed since a 425-basis point hike to 12.0% on January 29.  At that same time, the repo rate […] More

New Overnight Developments Abroad - Daily Update

Dollar’s Recent Gains Trimmed

August 27, 2014

The dollar has declined overnight by 0.5% against the Canadian and New Zealand dollars, 0.4% versus the Aussie dollar, 0.2% relative to sterling and the Swiss franc and 0.1% vis-a-vis the yuan, yen and euro. While not a big day for scheduled data reports and despite an open-ended ceasefire agreed in Gaza, minor European confidence […] More