Foreign Exchange Insights and Next Week
U.S. Economic Performance Under Seven Different Fed Chair-Persons
October 3, 2017
There have been only seven leaders of the Federal Reserve System since April 1951, a period spanning two-thirds of a century. William McChesney Martin was appointed by Truman and served from April 2, 1951 when his age was 44 until January 31, 1970 when it was 63. His father had been a central banker, but […] More
Central Bank Watch
National Bank of Romania
October 3, 2017
In seven equal increments, Romania’s central bank policy interest rate was halved to 1.75%, the current level, from 3.5% between August 2014 and May 2015. The latest policy review left that key benchmark at 1.75% but raised the standing overnight deposit rate to 0.5% from 0.25%. In conjunction with a decision to leave the standing […] More
Central Bank Watch
Reserve Bank of Australia
October 3, 2017
The Official Cash Rate of the RBA was last reduced in August 2016, the second of two 25-basis point cuts that year. The OCR previously had been cut from a peak of 3.5% by 50 basis points in the final quarter of 2012, another 50 bps during 2013 and 50 bps in 2015, and the […] More
New Overnight Developments Abroad - Daily Update
Upbeat Investor Mood in Spite of Vegas Tragedy
October 3, 2017
The dollar rose overnight by 0.3% against the yen and kiwi, 0.2% relative to the peso and 0.1% vis-a-vis the Australian dollar. The dollar also drifted 0.2% lower against the euro and 0.1% versus the loonie and Swiss franc. Both gold and oil slipped 0.2% overnight. The Chinese, German and South Korean markets are closed. […] More
