Archive for October 19th, 2018

Foreign Exchange Insights and Next Week

Next Week

October 19, 2018

Central Banks: Monetary policy reviews at the European Central Bank and in Canada, Russia, Sweden, Norway, Ukraine, Colombia and Turkey. ECB President Draghi, Bank of Canada Governor Poloz, Atlanta Fed President Bostic, and Reserve Bank of Australia Deputy Governor DeBelle and Assistant Governor Boulton will be speaking publicly. The Fed Beige Book, Bank of Canada […] More

Central Bank Watch

Central Bank of Chile

October 19, 2018

Chilean monetary officials agreed unanimously to the first interest rate hike since December 2015, raising its key rate by 25 basis points to 2.75% from 2.50%, which had prevailed since May 2017 and had constituted the lowest level since September 2010. In taking this first tightening, which markets had anticipated, officials noted that Chile’s output […] More

New Overnight Developments Abroad - Daily Update

Investors Remain on Edge

October 19, 2018

China reported the lowest on-year GDP growth (6.5% in 3Q) since the first quarter of 2009. Damning evidence continues to mount that the highest levels of the Saudi government were complicit in the likely death of dissident journalist Khashoggi. U.S. Treasury Secretary Mnuchin upcoming trip to Saudi Arabia was cancelled. Two Fed officials, Governor Quarles […] More