Foreign Exchange Insights and Next Week
Next Week
June 29, 2018
Central Banks: Monetary policy reviews are scheduled in Australia, Sweden, and Romania. FOMC minutes and the results of the quarterly Bank of Japan survey of business conditions and expectations will be published. Holidays and Special Events: Next week kicks of the third quarter and second half of 2018. There are holiday closures on Monday in […] More
Deeper Analysis
June and Second Quarter 2018 in Figures
June 29, 2018
The dominant market themes in June and 2Q were a sharp rise in the price of oil and a strengthening dollar, neither of which belongs in a recipe to accomplish President Trump’s quest to reduce the U.S. trade deficit sharply if not to zero. Dollar appreciation was particularly pronounced against the Chinese yuan. The federal […] More
Central Bank Watch
Third Indonesian Central Bank Interest Rate Hike Since May 17th
June 29, 2018
Bank Indonesia’s Board of Governors today raised the 7-day reverse repo rate by a greater-than-expected 50 basis points to 5.25%. The move followed quarter percentage points hikes on May 17 and May 31 and was accompanied by 50-bp increases in Indonesia’s overnight deposit rate to 4.5% and lending rate to 6.0%. A statement released after […] More
New Overnight Developments Abroad - Daily Update
Volatile Market Session on Final Business Day of the Quarter and Amid Many Data Reports
June 29, 2018
Share prices climbed 2.8% in Hong Kong, 2.3% in Indonesia, 2.2% in China, 1.7% in Taiwan, but just 0.2% in Japan. In Europe, equities have risen 1.3% in Germany and France, 1.6% in Switzerland, 1.0% in Italy and 0.6% in the U.K.. The DOW shows a gain of slightly over 1.0% so far today. Another […] More
