Foreign Exchange Insights and Next Week
A Good Year for the Dollar… But Maybe Too Much So
November 23, 2015
It’s easy to be lulled into viewing the dollar as rising only moderately. Eight months have passed since its 2015 high against the euro was touched, and common European currency and yen each show little net change since then against the dollar. A comparison of dollar changes over the last twelve months presents a much […] More
Central Bank Watch
Bank of Israel
November 23, 2015
The released statement following this month’s monetary policy meeting has a dovish tone, although Israel’s monetary policy interest rate of 0.15% was not cut further. It had been reduced previously by 75 basis points a year in four consecutive years plus by a further 15 basis points in the February of this year. The statement […] More
New Overnight Developments Abroad - Daily Update
Dollar Opens Holiday-Abbreviated Week With a Bid Tone
November 23, 2015
Japan’s market was shut today for the Labor Thanksgiving holiday, and U.S. market leadership will be missing later in the week. Not much data were reported overnight, but the release of U.S. existing home sales, the Chicago Fed National Activity Index, the FHFA house price index, and preliminary U.S. PMI findings compiled by Market Economics […] More
