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
