Foreign Exchange Insights and Next Week
Currency Outlook Highly Dependent on Price of Oil
April 19, 2016
Juxtaposed against rising oil prices, the dollar has depreciated around 2.5% on a trade-weighted basis over the past month. The U.S. currency has declined by similar percentages against the yen, loonie, and Australian dollar and even more sharply versus the kiwi. Smaller drops of roughly 1% occurred against the euro and Swiss franc. A major […] More
Central Bank Watch
Bank of Korea
April 19, 2016
A 1.5% seven-day repo rate was retained yet again. In the Great Recession, the rate was lowered to 2.0% but raised subsequently to 3.0% by July 2010. The last six changes were all cuts of 25 basis points spaced between November 2012 and June 2015. The last of these was decided by a unanimous vote. […] More
New Overnight Developments Abroad - Daily Update
Investors React to a Batch of Good News
April 19, 2016
Investors are feeling better about U.S. corporate earnings and the chances that China’s economy will avoid a hard landing. The Bank of Korea did not cut its interest rate, and minutes from the early April Reserve Bank of Australia Board meeting showed no rush to ease, either. Sentiment toward Germany and Euroland improved much more […] More
