Archive for February 2nd, 2018

Central Bank Watch

Central Bank of Chile

February 2, 2018

There were four Chilean central bank interest rate cuts in 2017, each by 25 basis points and all done by May. The key rate has been at 2.5%, and officials unanimously decided to it there at the first policy review of 2018. A statement was released afterwards that leaves the door open to possible more […] More

Foreign Exchange Insights and Next Week

Next Week

February 2, 2018

Central Banks: A considerable list of monetary policy meetings scheduled next week features the Bank of England, Reserve Bank of Australia, Reserve Bank of India, and Bank of Russia and also includes central banks in Iceland, Thailand, New Zealand, Romania, Serbia, Poland, Mexico and Peru. RBA Governor Lowe and BOE Governor Carney hold subsequent press […] More

New Overnight Developments Abroad - Daily Update

Stronger Dollar on Jobs Day Amid Bursting Asset Bubbles

February 2, 2018

Overnight dollar gains have been led by 1.2% increases against the yen and Australian dollar, a 1.1% appreciation relative to the kiwi, and a 1.0% advance vis-a-vis the peso. The dollar also strengthened 0.8% versus the loonie and sterling, 0.6% against the Swiss franc and 0.5% relative to the euro. There was only a 0.1% […] More