Foreign Exchange Insights and Next Week
Next Week
September 30, 2016
Purchasing Managers Surveys: Next week is PMI week, bringing the release of a ton of manufacturing surveys, many service sector reports, some non-oil PMIs, construction PMIs for Britain, Germany and Australia, and retail PMIs covering Euroland, Germany, France and Italy. PMI surveys tend to be more timely than most hard economic data. Central Banks: Monetary policy […] More
Central Bank Watch
National Bank of Romania
September 30, 2016
Officials at NBR consider monetary conditions appropriately stimulative. While today’s policy statement observes elevated uncertainties and notes that the latest on-year changes in total consumer prices and core components of the index are only -0.2% and +0.5%, the baseline outlook for inflation is a sanguine picture: Recent assessments reconfirm the outlook for the annual inflation […] More
Central Bank Watch
Bank of Mexico Raises Interest Rates for Third Time in 2016
September 30, 2016
As a U.S. presidential candidate with hostile intentions regarding relations with Mexico, Donald Trump is already influencing Mexican monetary policy the Bank of Mexico increased its policy interest rate to 4.75% from 4.25%. This was the third 50-basis point central bank rate hike since February and completely reverses easing undertaken between March 2013 and October […] More
New Overnight Developments Abroad - Daily Update
Bank Share Price Woes Escalate as Quarter Draws to a Close
September 30, 2016
There’s been the usual cornucopia of data releases on the final business day of the calendar quarter, but the big story of the day involves Deutsche Bank, whose share price is down nearly 10%. Deutsche’s woes are dragging down other stocks in the global financial sector despite supposed safeguards built into the system in the […] More
