Archive for October 27th, 2017

Foreign Exchange Insights and Next Week

Next Week

October 27, 2017

Central Banks: The identity of the next Federal Reserve Chairperson is expected to be revealed next week. The FOMC meets Tuesday and Wednesday for its penultimate policy review of 2017. Other central bank policy meetings are scheduled at the Bank of England, Bank of Japan, and Czech National Bank. A majority of analysts expect to […] More

Central Bank Watch

Bank of Russia

October 27, 2017

The fifth cut so far in 2017 in Russia’s central bank interest rate, this time to 8.25% from 8.50%, was announced today. The previous four reductions totaled 150 basis points, and previous cuts amounted to six percentage points during the first seven months of 2015 and 100 basis points last year. All in all, the […] More

New Overnight Developments Abroad - Daily Update

Stronger Yen and Dollar ahead of U.S. GDP Figures

October 27, 2017

The earliest estimate of U.S. third-quarter GDP growth gets released shortly.¬†Forecasters anticipate similar growth to the 3.1% result in 2Q. The dollar meanwhile has continued to strengthen against the euro (0.3% overnight) in response to contrasting monetary policies. Trump is expected to replace Yellen with a more hawkish person to lead the Fed, while yesterday’s […] More