Archive for May 11th, 2018

Foreign Exchange Insights and Next Week

Next Week

May 11, 2018

Central Banks: Monetary policy meetings scheduled in Thailand, Mexico, Indonesia, Iceland, Poland, and Brazil. Publication of RBA minutes. Mester and Kashkari of the Federal Reserve to speak publicly as will DeBelle of the Reserve Bank of Australia, Jordan of the Swiss National Bak and Schembri of the Bank of Canada. Holidays and Events: Norway’s Constitution […] More

Central Bank Watch

Central Bank of Sri Lanka

May 11, 2018

The Standing Lending Facility Rate had been reduced 25 basis points in April to 8.5%, but today’s policy review held that rate as well as the 7.25% Standing Deposit Rate steady this time, declaring the current stance “suitable” in a released statement . The goal is for inflation to stabilize in the mid-single digits, that […] More

New Overnight Developments Abroad - Daily Update

Thursday Losses in the Dollar Extended Slightly

May 11, 2018

The dollar slipped by a further 0.4% against sterling, 0.3% relative to the Swiss franc, Aussie dollar and yuan, 0.2% versus the euro, loonie and kiwi, and 0.1% vis-a-vis the yen. Yesterday’s report of U.S. consumer prices was a tad lower than feared. Stocks rose today in Asia but dropped a bit in Europe. With […] More