Foreign Exchange Insights and Next Week
Next Week
April 13, 2017
A lean holiday-shortened week lies ahead both from a data-release and central bank standpoint. Central Banks: Bank Indonesia holds an interest rate policy meeting on Thursday. Minutes from the last Reserve Bank of Australia meeting get released. So does the Fed Beige Book that examines regional U.S. economic trends. Eric Rosengren has a public speaking […] More
Central Bank Watch
Semi-Annual Review of Singapore’s Monetary Policy
April 13, 2017
The Monetary Authority of Singapore does not target an interest rate. Instead, monetary policy in a domestic money market sense is derivative of currency policy. The goal is a target corridor for the Singapore dollar’s trade-weighted value. Goals are made for the width of the currency band, its slope over time, and the mid-point between […] More
Central Bank Watch
Bank of Korea
April 13, 2017
South Korea’s central bank base rate was cut five times from August 2014 to June 2016 by a total of 125 basis points, halving the key interest rate to 1.25%. While modestly bumping up projected GDP growth in 2017 from 2.5% that was forecast three months ago, monetary officials still anticipate only moderate expansion and […] More
New Overnight Developments Abroad - Daily Update
Reaction to Trump Remarks Muted by Coming Holidays
April 13, 2017
President Trump gave an exclusive interview to the Wall Street Journal in which among other things he complained that the dollar was too strong, proclaimed that China is not a currency manipulator, and jaw-boned the Fed to keep interest rates low. Markets were closed today in Norway and Mexico. Good Friday observances tomorrow will shut […] More
