Archive for July 3rd, 2017

Central Bank Watch

National Bank of Romania Keeps Interest Rate at 1.75%

July 3, 2017

Given the current assessments, as well as the emergence of new sources of uncertainty, the Board of the National Bank of Romania decided to keep unchanged the monetary policy rate at 1.75 percent per annum, to further pursue adequate liquidity management in the banking system, and to maintain the existing levels of minimum reserve requirement […] More

Deeper Analysis

Strong Factory Growth in Both the U.S. and Euroland

July 3, 2017

In June, U.S. manufacturing overcame a disadvantage relative the the euro area in a single month, as the euro advanced to its strongest monthly average in a year against the dollar. The U.S. Institute of Supply Management reported a 2.9-point increase in the manufacturing purchasing managers index to 57.8, signifying the strongest rate of improvement […] More

New Overnight Developments Abroad - Daily Update

Many PMI Reports on First Business Day of the Third Quarter

July 3, 2017

Markets this Monday are reacting to many cross-currents. The dollar has appreciated 0.3-0.5% against the yen, euro, Swissie, sterling, and Australian and and New Zealand currencies. It has risen more slightly versus the peso, yuan and loonie. Aside from declines in Australia of 0.7% and New Zealand of 0.4%, equities are mostly higher. Indonesia’s bourse, […] More