Archive for January 19th, 2018

Foreign Exchange Insights and Next Week

Next Week

January 19, 2018

World Economic Forum: Annual conference in Davos, Switzerland, bringing together leaders of business, politics and academia. This year’s theme is “Creating a Shared Future in a Fractured World.” The WEF begins Tuesday and runs through the end of the week. Central Banks: Both the Bank of Japan and European Central Banks will be holding policy […] More

Central Bank Watch

South African Reserve Bank Repo Rate Kept at 6.75%

January 19, 2018

The main South African central bank interest rate was reduced 25 basis points six months ago to its current 6.75% level. This move represented a directional shift. Six prior increases from June 2014 until March 2016 had raised the rate from 5.0% to 7.0%. The result of this week’s first policy review of 2018 was […] More

New Overnight Developments Abroad - Daily Update

U.S. Federal Government Shutdown at Midnight Still Possible

January 19, 2018

Talks to avert a U.S. fiscal shutdown at the end of today have degenerated into a 3-way circus. House Republicans passed a short-term fix that excludes DACA but enhances CHIP child support. President Trump’s tweets endorse the CHIP enticement only as part of a long-term solution and continue to insist on funding for the Mexican […] More