Archive for March 17th, 2017

Foreign Exchange Insights and Next Week

Next Week

March 17, 2017

Central Banks: Monetary policy reviews in New Zealand, Sri Lanka, Russia, The Philippines, and Colombia. Minutes of prior policy meetings to be published by the Bank of Japan and Reserve Bank of Australia. Fed officials speaking publicly include Chair Yellen, Evans, Kashkari, Mester, Dudley, George, and Bullard. The size of a new ECB targeted long […] More

Central Bank Watch

Central Bank of Chile Cuts Interest Rate to 3.0%

March 17, 2017

The Chilean monetary policy rate had been 3.5% for 13 months until a 25-basis point reduction in January, and now a second such cut has been engineered and statement released suggesting more easing may lie ahead: “if the recent trends of the economic scenario persist, and so do their implications on the medium-term inflation outlook, […] More

New Overnight Developments Abroad - Daily Update

Discussions on a Quiet Day in the Market

March 17, 2017

Fed Chair Yellen and U.S. Treasury Secretary Mnuchin are in Baden-Baden Germany for two days of talks with their Group of Twenty counterparts. Trade and currency manipulation will be center stage. German Chancellor Merkel is in Washington on a visit with U.S. President Trump, who has criticized the size of the German current account deficit […] More