Archive for March 16th, 2018

Foreign Exchange Insights and Next Week

Next Week

March 16, 2018

Central Banks: A scheduled FOMC meeting dominates the coming week. Newly minted Chairman Powell will preside over his first post-meeting press conference, and a 25-basis point interest rate hike is widely expected. The Fed’s forecasts will be updated. Monetary policy meetings are also occurring in Russia, The U.K., Brazil, Chile, Colombia, New Zealand, Taiwan, The […] More

New Overnight Developments Abroad - Daily Update

Continuing Well-Bid Yen

March 16, 2018

A week ago, the dollar traded above 107 yen and now it’s below 105 after having dropped another 0.7% overnight. The yen’s strength has little to do with Japanese developments. Industrial production for January was revised today to show an even bigger 6.8% month-on-month decline, with the further revelation that capacity usage had dropped 7.3% […] More