Foreign Exchange Insights and Next Week
Next Week
November 18, 2016
Holidays: Labor Thanksgiving in Japan on Wednesday followed by U.S. Thanksgiving on Thursday and Black Friday, which is the year’s biggest retail shopping day, the day after. Central Bank Activity: Monetary policy meetings in Turkey, South Africa, Malaysia, Hungary and Colombia. Release of FOMC minutes. Powell of the Fed, Kent of the Reserve Bank of […] More
Central Bank Watch
Bank of Mexico Overnight Interest Rate Raised a Fifth Time Since December 2015
November 18, 2016
Yesterday’s increase, like the previous three undertaken in February, June and September of this year, was by 50 basis points and lifts Mexico’s key central bank rate to 5.25%, highest since the first half of 2009. There was an initial 25-bp increase last December. The rate had ended 2008 at 8.25% but was at 4.5% […] More
New Overnight Developments Abroad - Daily Update
Super Dollar at the Expense of Bonds, Commodities and Now Even Stocks
November 18, 2016
The dollar hit overnight highs of JPY 110.94 and 1.0581 per euro. The dollar climbed 0.9% against the loonie, 0.4% relative to the Australian currency, and 0.2% versus sterling. The dollar advanced 0.4% against the Mexican peso in spite of another 50-basis point increase in the Bank of Mexico’s overnight interest rate to 5.25%. That rate […] More
