Archive for May 4th, 2018

Foreign Exchange Insights and Next Week

Next Week

May 4, 2018

Central Banks: Monetary policy meetings in the U.K., New Zealand, The Philippines, Sri Lanka, Malaysia, Serbia, and Peru. Publications of Bank of Japan Board summary and minutes. Bostic, Barkin, George, Quarles, Kaplan and Evans of the Federal Reserve, and Bank of England Governor Carney speak publicly. Holidays and Special Events: Early May bank holiday in […] More

New Overnight Developments Abroad - Daily Update

No Sino/U.S. Trade Deal, Falling Turkish Lira, and U.S. Jobs Day

May 4, 2018

U.S. Treasury Secretary Mnuchin has left Beijing with no agreement on trade. Investors wonder how soon tit-for-tat tariffs may follow. The Turkish lira tumbled by more than 1% overnight, moving past 4.28/USD and bringing cumulative depreciation to almost 5% over the past four sessions. Turkey has double-digit inflation and an autocratic government that’s dissuading the […] More