Foreign Exchange Insights and Next Week
Next Week
October 16, 2015
Central Banks: Policy meetings are scheduled at central banks next week in Canada, Brazil, the ECB, Turkey and Hungary. Scheduled U.S. Data Reports: Next week’s slate of releases includes housing starts, building permits, the NAHB housing market index, existing home sales, the Chicago Fed’s National Activity index, the K.C. Fed manufacturing index, the Conference Board […] More
Central Bank Watch
Central Reserve Bank of Peru
October 16, 2015
A 25-basis point increase of Peru’s monetary policy interest rate at the previous policy meeting in September had been the first rate hike since May 2011 and followed 25-bp cuts in November 2013, July 2014, September 2014 and January of this year. It is the hope of monetary officials that September’s action will not launch […] More
Bank of Chile
Central Bank of Chile
October 16, 2015
Chile’s monetary policy rate was lifted by 25 basis points to 3.25%. This was the first increase since June 2011. In between, the rate had been lowered nine times by 225 basis points in all. The first of those cuts occurred in January 2012, and the last one was done a year ago in October […] More
Central Bank Watch
Another Serbian Central Bank Interest Rate Cut
October 16, 2015
The National Bank of Serbia’s policy rate was cut this past Wednesday by 50 basis points to 4.5%. This was the seventh 50-bp reduction since March. A released statement defends the move because of several factors: continuing sub-target inflation, a stable exchange rate amidst earlier monetary easing, favorable fiscal and balance of payments developments, and […] More
New Overnight Developments Abroad - Daily Update
Firmer Dollar and Stocks
October 16, 2015
The dollar rose overnight by 0.9% against the kiwi, 0.7% versus the Australian dollar, 0.4% relative to the loonie and sterling, 0.3% relative to the euro, 0.2% vis-a-vis the Swiss franc and 0.1% against the yen and yuan. Share prices climbed 1.6% in China, 0.8% in India, 0.7% in Japan and Australia, 0.9% in New […] More
