Archive for August 9th, 2019

Foreign Exchange Insights and Next Week

Next Week: August 10 – 17, 2019

August 9, 2019

Central Banks: Monetary policy reviews in Norway and Mexico. With summer vacation scene fully upon us, very few central bank officials are scheduled to speak, Kent and Debelle of the Reserve Bank of Australia being an exception. Holidays: Japan observes Mountain Day on Monday, and Thursday is Assumption Day in several European countries. Scheduled U.S. […] More

Central Bank Watch

Central Reserve Bank of Peru

August 9, 2019

The latest central bank to cut its benchmark interest rate is the Central Reserve Bank of Peru, whose reference rate was lowered late yesterday to 2.5% from 2.75%. The statement announcing the decision cites the widely experience havoc being spread by changes in U.S. trade policies by the Trump Administration: “Global growth risks persist and […] More

New Overnight Developments Abroad - Daily Update

Sterling Weakens on Data

August 9, 2019

The dollar edged down 0.2% against the yen and kiwi, 0.3% versus the peso, and 0.1% relative to the euro, Swiss franc and Canadian dollar on this 45th anniversary of the resignation of former President Nixon. But today’s weakest major currency has been sterling, down 0.6% against the dollar in response to¬† news that British […] More