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
