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
