Archive for April 29th, 2016

Foreign Exchange Insights and Next Week

Next Week

April 29, 2016

Purchasing managers surveys, holiday closures and U.S. labor statistics will dominate the first week of May. PMIs:  A slew of them will be released, covering manufacturing, service sectors, construction and retail trade activity.  Multiple reports will be released every day of the week. Central Banks:  Monetary policy meetings in Australia, Mexico, the Czech Republic and […] More

Central Bank Watch

Key Russian Central Bank Rate Kept at 11.0%

April 29, 2016

The Central Bank of Russia’s Board of Directors projects a drop of CPI inflation from 7.3% currently to 5% a year from now and the 4.0% target by end-2017.  But officials want to be more confident of this path before resuming last year’s easing that saw a series of cuts over the first seven months […] More

New Overnight Developments Abroad - Daily Update

Yen Climbs Further Even as Japanese Golden Week Holidays Begin

April 29, 2016

The yen touched an 18-month high of 106.9 per dollar and is up 0.9% on balance from Thursday’s close.  The trade-weighted dollar is close to a one-year low. Japanese markets were closed for Showa Day.  Next week’s continuing Golden Week holidays are Constitution Day (May 3), Greenery Day (May 4) and Children’s Day (May 5).  […] More