Archive for October 31st, 2018

Foreign Exchange Insights and Next Week

U.S. Mid-Term Election and the Dollar

October 31, 2018

The result of the U.S. election on November 6th can be viewed in binary terms. Either President Trump and the Republican Party will emerge still controlling all three branches of the federal government or political power to some extent will be shared. Because authoritarian leadership tends to become more deeply entrenched as more and more […] More

Central Bank Watch

Bank of Japan

October 31, 2018

A statement released by the Bank of Japan Board after this week’s four hour 11 minute monetary policy review left all settings of the policy known as Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control unchanged. Similar to other recent meetings, the decision was taken by a 7-2 vote, with dissents from Yutaka […] More

New Overnight Developments Abroad - Daily Update

The Usual Month-End Flood of Economic Data but Little Overnight Movement in the dollar

October 31, 2018

The dollar is unchanged against the euro and loonie, 0.1% firmer relative to the yuan and Swiss franc, 0.2% higher vis-a-vis the yen, Aussie dollar and kiwi. Somewhat larger moves have happened against sterling (a drop of 0.5%) and the Mexican peso (a rise of 0.5%). Gold fell 0.6%. Following the rebound Tuesday of U.S. […] More