Archive for January 12th, 2018

Foreign Exchange Insights and Next Week

Next Week

January 12, 2018

Central Banks: Monetary policy meetings are scheduled in Canada, South Africa, South Korea and Indonesia. The Fed Beige Book of regional economic conditions and the Bank of Canada’s quarterly Monetary Policy Report will be published. Jordan of the Swiss National Bank, Coerce of the European Central Bank and Evans and Mester of the Fed speak […] More

New Overnight Developments Abroad - Daily Update

Dollar Slide Accelerates Against Several Key Currencies

January 12, 2018

The dollar dropped overnight by 0.9% against the euro, 0.7% relative to the yuan and sterling, and 0.5% versus the Swiss franc and Mexican peso. The catalyst for this accelerated decline was a tentative political plan in Germany between the center-right Christian Democrats and center-left Christian Socialists to form a new “grand coalition.” Those two […] More