Foreign Exchange Insights and Next Week
Brief Note on Yearend Seasonality of the EUR/USD
December 28, 2015
Between mid-December and yearend, the dollar has on average declined 0.6% since 1999 against the common European currency. With just over three days left before markets close on December 31, the dollar is showing a 0.4% dip since trading closed on December 15. A pattern of end-year dollar softness against the main European currency established […] More
Central Bank Watch
A Dovish Statement from the Bank of Israel
December 28, 2015
Israel’s monetary committee left its policy interest rate unchanged at 0.1%, the level since a reduction of 15 basis points last February. In each of four consecutive calendar years through 2014, the interest rate was reduced three times, bringing such to 0.25% from 3.25% at the end of 2010. A statement released by the central […] More
New Overnight Developments Abroad - Daily Update
Week Starting Slowly
December 28, 2015
The British, Australian, Canadian and New Zealand markets are closed in observance of Boxing Day. The dollar is 0.7% stronger against the loonie but has slipped 0.4% relative to the euro. The U.S. currency has edged up 0.1% versus the yen, kiwi and sterling and gained 0.2% relative to the yuan and Aussie dollar but […] More
