Archive for January 12th, 2016

Foreign Exchange Insights and Next Week

Year’s Difficult Start Continuing

January 12, 2016

Much of the damage emanates from China.  Turning back from the transition from investment- and export-led growth to consumption-led expansion in the world’s second largest economy is not a socially or economically sustainable long-term option.  The switch is proving to be messier than hoped.  One problem is the shroud of secrecy surrounding all aspects of […] More

Central Bank Watch

National Bank of Serbia

January 12, 2016

Beginning last March, Serbia’s key monetary policy interest rate was reduced after 7 of 8 consecutive monthly Executive Board meetings.  The exception was July’s meeting, and the cumulative decline lowered the rate to 4.5% from 8.0%.  As in November and December, officials declined to change their policy at the first meeting of 2016, so such […] More

New Overnight Developments Abroad - Daily Update

Weaker British Pound and Russian Ruble

January 12, 2016

The dollar advanced 0.8% against sterling on a disappointing U.K. industrial output report. The dollar is 0.7% stronger against the ruble on a further 0.4% slide in oil prices.  WTI crude petroleum fell another 0.4% to $31.29 per barrel. The dollar is just 0.1% firmer against the yen, showing little reaction to a slew of […] More