Archive for February 25th, 2015

Foreign Exchange Insights and Next Week

Dollar Strength Depends on One’s Frame of Reference

February 25, 2015

The dollar has already gained considerable ground against a broad cross-section of other currencies, propelled by relatively strong U.S. growth and the divergent direction of monetary policy guidance from the Fed and the policy outlook for many other central banks that have recently loosened their credit stances and are signaling a bias favoring more support.  […] More

Central Bank Watch

Central Bank of Sri Lanka

February 25, 2015

Sri Lankan central bank interest rates haven’t changed in slightly over a year.  The Standing Lending Facility Rate has been at 8.0% since a 50-basis point cut in January 2014, and Standing Deposit Facility rate has been 6.5% since it was last reduced in October 2013.  As inflation receded, both rates were cut by a […] More

New Overnight Developments Abroad - Daily Update

Positive Reaction to Tuesday’s Yellen Testimony and China Reopens

February 25, 2015

Today is a quiet day from a data-release standpoint, so investors will be looking to testimonies by Fed Chairperson Yellen and ECB President Draghi for direction.  Yellen reprises yesterday’s Humphrey-Hawkins semiannual appearance before congress, this time testifying to the House Financial Services Committee.  Draghi will be speaking before the EU parliament.  The ECB took a […] More