Archive for September 23rd, 2015

Central Bank Watch

South African Reserve Bank

September 23, 2015

The Monetary Policy Committee voted unanimously to leave the 6.0% repo rate unchanged but acknowledged that inflation risks are skewed to the upside because of past rand depreciation and the potential for the exchange rate to slide further.  “The rand was negatively impacted by developments in China, continued speculation regarding the timing of US policy […] More

New Overnight Developments Abroad - Daily Update

First Look at September Purchasing Manager Surveys

September 23, 2015

The dollar lost 0.3% against the euro overnight but gained 0.5% versus the Australian dollar, 0.4% vis-a-vis sterling and 0.1% relative to the yen, Swissie and yuan.  The loonie edged 0.1% higher. In the wake of Tuesday’s U.S. stock sell-off and following a disappointing Chinese manufacturing PMI, the Shanghai Composite index dropped 2.2%, and equities […] More