Archive for August 17th, 2018

Foreign Exchange Insights and Next Week

Next Week

August 17, 2018

Holiday and Special Event: The Islamic Festival of the Sacrifice will be observed Wednesday in countries such as Indonesia, Singapore, and India. The Kansas City Federal Reserve’s sponsored symposium in Jackson Hole, Wyoming runs from August 23 through August 25. This year marks the 40th anniversary of this annual gathering of top central bankers, economists […] More

New Overnight Developments Abroad - Daily Update

Fresh Bout of Weakness in Turkish Lira

August 17, 2018

The dollar was little changed on net overnight against the the euro, Swiss franc, sterling, yuan, Canadian dollar, Australian dollar or New Zealand dollar, but it jumped 4.8% against the Turkish lira. Turkey’s finance minister said capital controls or a deal with the IMF won’t been necessary. President Trump is considering additional tariffs against Turkey […] More