Archive for May 5th, 2017

Foreign Exchange Insights and Next Week

Next Week

May 5, 2017

Central Banks: Interest rate policy meetings in New Zealand, the U.K., Malaysia, The Philippines, Sri Lanka, Poland, and Peru. Several Fed officials to speak publicly including Bullard, Williams, Rosengren, Kaplan, Dudley, Evans, and Mester. Governor Kuroda and Harada of the BOJ speak publicly, and so will ECB President Draghi. Holidays: VE Day in France on […] More

Central Bank Watch

National Bank of Romania Retains 1.75% Monetary Policy Interest Rate

May 5, 2017

In seven previous 25-basis point increments in August, September and November of 2014 and January, February, March and May of 2015, Romania’s central bank interest rate was halved to 1.75%. Monetary officials were compelled to stimulate Romanian monetary conditions forcefully because of very low inflation, which eased in the latest reported month of March due […] More

New Overnight Developments Abroad - Daily Update

Markets Watching Three Developments

May 5, 2017

Financial markets this Friday, May 5, are watching three developments. The U.S. April jobs report. A rebound in employment growth from 98K in March is anticipated. The jobless rate in March was 4.5%, 0.2 percentage points less than in February, but average hourly wage earnings also ticked lower to a 2.7% on-year advance. Wednesday’s FOMC […] More