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
