Foreign Exchange Insights and Next Week
Next Week
May 13, 2016
Central Banks: Monetary policy meetings in Indonesia, South Africa, Malaysia, Chile and Serbia. Minutes of past policy meetings to be released by the FOMC, Reserve Bank of Australia, European Central Bank and Bank of Japan. Fed officials speaking publicly: Lockhart, Williams, Kashkari, and Kapan. Praet of the ECB and Wheeler and DeBelle of the Reserve […] More
Central Bank Watch
Bank of Korea
May 13, 2016
The South Korean central bank base rate has been left at 1.5%, the level since a 25-basis point cut in June 2015 culminated a percentage point of easing over nine months. A released statement from the policy board again projected modest domestic demand-led growth with a high level of externally-related uncertainty. Scope for cutting rates […] More
New Overnight Developments Abroad - Daily Update
Stocks, Commodities, Bond Yields Slip ahead of U.S. Data
May 13, 2016
Markets are ending the week on a risk averse note. The yen advanced 0.9% against the dollar in spite of Bank of Japan Governor Kuroda’s assertion that the central bank is prepared to ease decisively further. A lower open is indicated in U.S. stock futures. Downward momentum was fueled by yesterday’s gloomy report from Macy’s. […] More
