Archive for November 16th, 2016

Central Bank Watch

Central Bank of Iceland

November 16, 2016

Officials at Sedlabanki had cut the 7-day repo rate by 50 basis points in August. This was a trend reversal following three increases totaling 125 bps between June and November of 2015. Many analysts were expecting a second rate reduction this month and inflation has been under target for almost three years in Iceland and […] More

New Overnight Developments Abroad - Daily Update

Broad Dollar Gains and Sovereign Debt Price Losses… Oil Lower Too

November 16, 2016

Nothing about the Donald Trump phenomenon is playing out as pundits expected. The political talking heads repeatedly underestimated his victory chances through the Republican primaries and general election. And now market developments are fooling the economic prognosticators. The dollar is super-charged, rising overnight by 1.7% against the ruble, 1.2% against the Australian dollar and Polish […] More