Archive for January 4th, 2017

Central Bank Watch

Review of FOMC Minutes

January 4, 2017

Minutes of the Federal Open Market Committee’s December meeting that hiked the federal funds range target by 25 basis points to 0.50 – 0.75% paid only scant attention the disinflationary risk of dollar appreciation: Several, participants, however, pointed out that market-based measures of inflation compensation were still low or that downside risks to inflation remained, […] More

New Overnight Developments Abroad - Daily Update

Lower Dollar as Investors Await FOMC Minutes

January 4, 2017

The dollar depreciated overnight by 0.8% against the loonie, 0.5% relative to the yuan and kiwi, 0.4% versus sterling, 0.3% vis-a-vis the euro and 0.2% against the yen and Australian dollar. Japan reopened for a half day, and the Nikkei rose 2.4%, catching up for lost time. In other Pacific Basin stock markets, equities rose 1.7% […] More