Archive for September 14th, 2018

Foreign Exchange Insights and Next Week

Next Week

September 14, 2018

Central Banks: Monetary policy reviews in Japan, Brazil, Switzerland, Norway, South Africa, Hungary, and Thailand. Minutes of the last Reserve Bank of Australia policy review to be published. RBA Kent and ECB President Draghi speak publicly. Holidays and Special Events: Japan’s Respect for the Aged Day on Monday. India’s Islamic New Year (Moharram) on Thursday. […] More

Central Bank Watch

Bank of Russia Surprises Market with 25-Basis Point Key Interest Rate Hike to 7.5%

September 14, 2018

According to a statement released by the Board of Directors, inflation is climbing toward 4% faster than expected and inflation expectations have moved slightly higher, warranting today’s decision to implement the central bank’s first rate increase since mid-December of 2014. The peak of 17.0% only was retained for 7 weeks. A series of reductions ensued […] More

New Overnight Developments Abroad - Daily Update

A Shift from Fixed Income Assets Into Stocks

September 14, 2018

The second week of September came and went without the feared announcement of much higher U.S. tariffs. Even though that danger remains looking ahead, there’s been a return ot riskier assets. Share prices in the Pacific Rim rose 1.2% in Japan today, 1.0% in Hong Kong and Singapore, 1.3% in Indonesia and Taiwan, and 1.4% […] More