Archive for November 16th, 2015

Central Bank Watch

Central Reserve Bank of Peru

November 16, 2015

As at October’s Board meeting, Peruvian monetary policy makers agreed not to change their key 3.5% interest rate.  A 25-basis point hike in September had reversed the direction of policy after cuts of that size engineered in November 2013, July 2014, September 2014 and January 2015.  Prior to September 2015, the monetary policy rate had […] More

Foreign Exchange Insights and Next Week

Terrorism Tax

November 16, 2015

Although hardly a new 21st century phenomenon, the presence of terrorism and its economic fallout escalated in the wake of the September 2001 attacks.  It’s been a lose-lose force because a dampening impact on real GDP growth results whether victimized nations over- or under-react to the extreme Jihadist challenge to their way of life.  In […] More

New Overnight Developments Abroad - Daily Update

Dollar Calm All Things Considered

November 16, 2015

In the wake of the Jihadist attacks in Paris Friday night, the dollar has risen 0.1% against the euro, 0.3% versus the yen and Aussie dollar, and 0.2% relative to sterling.  The Swissie and yuan edged up 0.1% against the dollar.  The kiwi is 0.8% weaker. Share prices fell 1.5% in South Korea, 1.8% in […] More