Archive for May 1st, 2018

Foreign Exchange Insights and Next Week

An Enigmatic Dollar

May 1, 2018

The book has now been written on the first third of 2018. The dollar had underperformed expectations in 2017, falling 12.3% against the euro, 8.7% versus sterling, 7.6% vis-a-vis the Australian dollar, 6.5% against the Canadian dollar, 6.3% versus the yuan, 4.3% against the Swiss franc, and 3.6% relative to the yen. Recent currency movement […] More

Central Bank Watch

Reserve Bank of Australia

May 1, 2018

Notwithstanding a lengthy 21 months since the last change of Australia’s official cash rate — a cut of 25 basis points to 1.5% — members of the RBA Board remain in no hurry to start rate normalization. A post-meeting statement released today concluded that “further progress in reducing unemployment and having inflation return to target […] More

New Overnight Developments Abroad - Daily Update

May Day 2018

May 1, 2018

A slew of countries are observing May Day holiday closures to honor workers. These include India, China, Hong Kong South Korea, Taiwan, Indonesia, Singapore, Italy, Spain, Switzerland, Greece, Germany, France, Mexico, Norway, South Africa, and Brazil. The main market-sensitive developments are 1) a batch of weak British data weighing on sterling and 2) U.S. President […] More