Foreign Exchange Insights and Next Week
Next Week
April 26, 2019
Central Banks: Monetary policy meetings are scheduled next week at the Federal Reserve, Bank of England and Czech National Bank. Fed Chairman Powell holds a press conference on Wednesday following the FOMC announcement, and Vice Chairman Clarida, Williams, Evans, Bullard, Mester, Daly and Kaplan also will be speaking publicly next week. So will Bank of […] More
Central Bank Watch
Central Bank of Russia Hints of Coming Interest Rate Hike
April 26, 2019
Officials at the Central Bank of the Russian Federation left the one-week repo rate unchanged at 7.75% for a third straight policy review. Such had been raised by 25 basis points each last September and December. But a released statement expressed confidence that a nascent upturn in inflation was nipped early by those tightenings and […] More
Deeper Analysis
A Strange and Unexpected U.S. GDP Report
April 26, 2019
U.S. real GDP grew 3.2% at a seasonally adjusted annualized rate (SAAR) last quarter, which is close to a percentage point higher than was predicted. Year-on-year growth in the first quarter was also 3.2%. The acceleration of quarter-on-quarter growth to 3.2% from 2.2% SAAR did not stem from the usual suspects. Real final private domestic […] More
New Overnight Developments Abroad - Daily Update
Several Japanese Data Reported but Investors Marking Time Ahead of U.S. Figures
April 26, 2019
Shortly before the first release of U.S. first-quarter GDP, the dollar showed no net overnight change against the euro, loonie or sterling. There were 0.1% upticks relative to the yen, Swiss franc and peso, a 0.1% downtick vis-a-vis the yuan and drops of 0.5% against the kiwi and 0.3% versus the Australian dollar. European share […] More
