Foreign Exchange Insights and Next Week
Dollar Possibly on Course for a Perfect Storm of Uncertain Timing
July 10, 2017
A term often mentioned today in assessments of the Hamburg Summit has been the G19. With the United States delegation marching to its own drumbeat, the other nineteen governments agreed to coordinate on a host of policies for their mutual benefit and to proceed in effect as a Group of Nineteen. If the U.S. renounces […] More
Central Bank Watch
Bank of Israel
July 10, 2017
After having cut Israel’s policy interest rate by 75 basis points per year in 2011-14, monetary officials sanctioned one final 10-basis point reduction in February 2015 to the present level of 0.10%. The latest policy review concluded as it has been doing for some time that an accommodative stance needs to be maintained for “as […] More
Central Bank Watch
National Bank of Serbia
July 10, 2017
Starting in April of 2013, the Executive Board of the NSB cut Serbia’s policy interest rate by a total of 825 basis points from 12.25% to 4.0%. The reductions included 350 basis points in 2015 and, most recently, a pair a 25-bp cuts in February and July of 2016. A statement released today after the […] More
New Overnight Developments Abroad - Daily Update
Markets Move on From G20 Summit With Firmer Dollar, Stocks, and Bonds
July 10, 2017
Nothing truly newsworthy came out of the G20 Summit in Hamburg. The G19 is going forward without the United States on implementing the Paris Accord on combating man-made climate change. A potential trade war over steel wasn’t averted, nor did a coordinated plan emerge to address the situations in Syria, North Korea and other hot […] More
