Foreign Exchange Insights and Next Week
Dollar in Rare Limelight
October 7, 2015
The value of the dollar dominates U.S. economic policy so rarely that the exceptions still out boldly and counted on the fingers of a single hand. Other countries don’t have that luxury. America’s exceptionalism in this regard since the Second World War springs from the U.S. currency’s unchallenged dominance as a reserve currency. Typifying this […] More
Central Bank Watch
Bank of Japan Fails to Change Policy
October 7, 2015
Monetary officials had not been expected to enhance quantitative stimulus at this week’s Board meeting. Markets have instead been focused on the second October meeting on the 30th, wondering if lightning might strike twice. Two meetings are held in April and October, the second being meant for the unveiling of a comprehensive review of economic […] More
New Overnight Developments Abroad - Daily Update
BOJ Meeting and Several European Industrial Production Releases
October 7, 2015
The dollar shows losses of around 1% overnight against the Australian and New Zealand dollars. It also fell 0.6% relative to sterling and 0.2% vis-a-vis the yen and loonie but is 0.2% higher against the euro. The Swissie and yuan are steady. Share prices around the Pacific Rim leaped 3.9% in Hong Kong, 2.2% in […] More
