Foreign Exchange Insights and Next Week
Next Week
July 31, 2015
Central Banking Beat: Interest rate policy meetings at the Bank of England, Bank of Japan, Czech National Bank, Reserve Bank of Australia, Reserve Bank of India, Bank of Thailand, and Romanian National Bank. The Bank of England’s quarterly Inflation Report arrives, and Bank of Japan Governor Kuroda holds a press conference. Holiday Closure: Canadian August […] More
Central Bank Watch
Another Step Made in the Unwinding of Last Year’s Russian Monetary Tightening
July 31, 2015
Russia is grappling with a bad case of stagflation that combines a deepening recession with inflation that’s above 15% and still cresting. The ruble’s vulnerability magnifies the central bank’s difficult task balancing these two extremes. The emphasis in 2014 was on fighting inflation, but in 2015 officials have switched the stress back to growth. In […] More
Central Bank Watch
Bank of Mexico
July 31, 2015
Mexico’s main central bank interest rate has been kept at 3.0% after another policy meeting. Such was cut from 8.25% to 4.25% in the first seven months of 2009 and the rest of the way to the current level between March 2013 and June 2014. Inflation has fallen to a 45-year low somewhat below the […] More
New Overnight Developments Abroad - Daily Update
Monthend Finds Dollar and Stocks Mixed and Commodities Lower
July 31, 2015
With July drawing to an end, the dollar rose overnight by 0.8% against the kiwi, 0.5% versus the Aussie dollar, 0.,2% relative to the loonie and 0.1% against the yen and sterling. But the dollar also fell 0.7% against the Swiss franc and 0.4% vis-a-vis the euro. The yuan is steady. The Shanghai Composite index […] More
