Foreign Exchange Insights and Next Week
Next Week
July 28, 2017
Central Banks: Monetary policy meetings in Australia, Great Britain, India, Sri Lanka, Romania, the Czech Republic and Ukraine. The Reserve Bank of Australia’s quarterly Monetary Policy Statement and Bank of Japan’s Summary will be published. Mester and Williams of the Federal Reserve speak publicly. Purchasing Manager Surveys: Many service sector PMIs and even more manufacturing […] More
Central Bank Watch
Bank of Russia’s Interest Rate Left at 9.0%
July 28, 2017
The interest rate previously had been cut this year by 25 basis points in March, 50 bps in April and 25 bps in June, but a released statement observes “The decline of inflation expectations has come to a halt, consistent with predictions, in response to price movements in a number of products and services. In order to maintain inflation close to the 4% target, the Bank of Russia […] More
Central Bank Watch
Colombia’s Central Bank Interest Rate Sliced 25 Basis Points to to 5.5% by 6-1 Vote
July 28, 2017
The Bank of the Republic of Colombia implemented its sixth interest rate reduction of 2017 following cuts of 25 basis point in February, March and May and of 50 bps in April and June. A released statement speaks of weak domestic demand and notes that both total and core inflation slowed in June, although remaining […] More
New Overnight Developments Abroad - Daily Update
Tough Session for Stocks and Dollar
July 28, 2017
Equities in the Pacific Rim dropped 1.7% in South Korea, 1.4% in Australia, 1.2% in New Zealand, 0.9% in Hong Kong, 0.8% in Singapore, 0.7% in Singapore and 0.6% in Japan. Stocks in Europe thus far are down 1.3% in France, 1.1% in Italy, 0.9% in Spain, 0.8% in the U.K., and 0.4% in Germany. […] More
