Archive for July 21st, 2015

Foreign Exchange Insights and Next Week

Why Might the Dollar Uptrend Be Stalled?

July 21, 2015

On paper, prospects for dollar appreciation continue to look very sound.  Monetary policy cycles will be extremely disparate over the next two years between the United States on the one hand and the eurozone, Japan and emerging markets on the other.  Gold’s relentless slide suggests considerable continuing confidence in a dollar uptrend, especially in light […] More

Central Bank Watch

A Fifth and Likely Final Consecutive Monthly Monetary Easing in Hungary

July 21, 2015

The monetary council at Magyar Nemzeti Bank engineered another 15-basis point cut in its base rate, matching reductions in March, April, May and June.  The new 1.35% level is a record low and unlikely to be raised before late 2016.  At the same time, officials as many analysts suspected changed their forward guidance to signal […] More

New Overnight Developments Abroad - Daily Update

Another Quiet Mid-Summer Session

July 21, 2015

The dollar slipped 0.4% overnight against the euro and Swiss franc but is unchanged against the yen, Australian dollar and yuan.  The U.S. currency lost 0.6% relative to the kiwi and 0.1% vis-a-vis the loonie but is 0.1% firmer against sterling. Share prices climbed 1.1% in Hong Kong, 0.9% in Japan and 0.4% in New […] More