Foreign Exchange Insights and Next Week
Next Week’s Menu
May 31, 2019
Central Banks: Monetary policy reviews scheduled in Euroland, Australia, India, Ukraine, Poland, and Chile. Fed Chairman Powell, Fed District Bank President Bostic, and Vice Chair Clarida speak publicly. So does Bank of Japan Governor Kuroda and RBA Governor Lowe. The Fed Beige Book of regional U.S. economic conditions will be published. Holidays: End of Ramadan […] More
Deeper Analysis
Thursday-Friday Data from the U.S. and Canada
May 31, 2019
U.S. first-quarter real GDP growth was revised down a tenth of a percentage point to 3.1% at an annualized rate from the prior quarter. This was the third time in four quarters in which growth was 3.1% or stronger. Over the eleven quarters following mid-2015, real growth didn’t exceed 3.0% even once. On the other […] More
Central Bank Watch
Sri Lankan Interest Rates Cut
May 31, 2019
The Central Bank of Sri Lanka cut its interest rates by a half percentage point, citing the Easter terrorist attacks there, easier monetary policies elsewhere, downward rigidity in Sri Lankan market rates, slowing private sector credit expansion, a narrowed trade deficit, and subpar domestic growth. A recent uptick of inflation was dismissed as not being […] More
New Overnight Developments Abroad - Daily Update
Financial Markets Feeling the Strain of A Breakdown in International Trade Relations
May 31, 2019
President Trump is imposing a tariff on all U.S. imports from Mexico in retaliation of that country’s failure to contain the flow of migrants crossing into the United States. China is ramping up its response to President Trump’s recent protectionist acts against Chinese exports and especially the action against Huawei. U.S.-EU trade talks also have […] More
