Foreign Exchange Insights and Next Week
Summer Season
May 25, 2015
The solstice that kicks off astronomical summer still lies almost a month away, but summer for currency market participants has just begun. In foreign exchange, the year divides into three seasons, not four: 1) before the U.S. Memorial Day holiday, 2) the summer, and 3) what’s left of the calendar year after the Labor Day […] More
Central Bank Watch
Bank of Israel Keeps Existing Policy Stance
May 25, 2015
In a statement affirming the appropriateness of Israel’s 3-month old 0.10% central bank interest rate, officials noted the current sub-zero rate of CPI inflation, 2.1 percentage points below the inflation target range of 1-3%, continuing moderate growth in real GDP, and shekel appreciation since the prior month’s meeting amounting to 3% against the dollar, 1.3% […] More
New Overnight Developments Abroad - Daily Update
Multiple Holidays Dampening Market Activity
May 25, 2015
British markets are closed today for the spring bank holiday. U.S. markets are closed for Memorial Day. A number of northern European markets including France, Germany, Denmark, Norway, Iceland, Austria, The Netherlands, and Belgium are shut too in observance of Whit Monday. The dollar traded under 1.10 per euro to a low of $1.0959 and […] More
