Archive for May 15th, 2015

Foreign Exchange Insights and Next Week

Next Week

May 15, 2015

Central Bank Beat:  Interest rate policy meetings are scheduled in Japan, Indonesia, Turkey, South Africa and Colombia.  Minutes will be published for the last meetings at the Reserve Bank of Australia, Bank of England, European Central Bank and Federal Reserve.  The heads of the ECB (Draghi), Bank of Canada (Poloz), and Bank of Japan (Kuroda) […] More

Central Bank Watch

Bank of Korea

May 15, 2015

The Bank of Korea’s seven-day repo rate was left at the record-low level of 1.75% as had been expected.  Following a 25-basis point cut in March, this was the second straight decision not to change policy.  Previous cuts of 25 basis points were engineered in November 2013, July 2014 and September 2014.  A statement released […] More

New Overnight Developments Abroad - Daily Update

Dollar Gains as Week Draws to a Close

May 15, 2015

The dollar advanced broadly overnight, appreciating by 1.3% against the Swiss franc, 1.1% relative to the Australian dollar, 0.5% versus the euro and loonie, 0.8% vis-a-vis the kiwi, 0.4% against the yen, 0.2% versus sterling and o.1% against the yuan. The Japanese Nikkei climbed 0.8%, but share prices fell 1.8% in China, 0.7% in South […] More