Archive for October 31st, 2016

Central Bank Watch

Bank of the Republic of Colombia

October 31, 2016

As they had done at the two previous monthly meetings, members of the Board of Directors left the main central bank rate unchanged at 7.75%. From September 2015 to July 2016, a series of increases had lifted such from 4.50% in response to inflation well above target. “Strong transitory supply shocks are blamed.” Officials are […] More

Foreign Exchange Insights and Next Week

Pre-Election Thoughts on the Dollar

October 31, 2016

Election Day will not be a Rubicon. That river has been crossed already. Whatever verdict voters hand down, the world and the subset of world investors may┬ánot perceive the United States with quite the same esteem and trust that existed before this nasty, undesirably long and petty election campaign. The conventional wisdom believes that Clinton […] More

New Overnight Developments Abroad - Daily Update

Softer Stocks, Oil, and Yen on Halloween

October 31, 2016

Share prices fell 0.6% in South Korea, 0.2% in Taiwan, and 0.1% in Japan and Singapore. Sharper equities in Europe show markets already down 0.8% in France and Italy, 0.6% in Spain and Switzerland, 0.5% in Greece, and 0.4% in the U.K. and Germany. OPEC minister failed over the weekend to secure any agreement on […] More