Archive for August 16th, 2019

Foreign Exchange Insights and Next Week

Next Week’s Menu of Data and Events

August 16, 2019

Central Banks: Monetary policies to be reviewed in Sri Lanka and Indonesia. Minutes from last policy meetings to be published by the Fed and Reserve Bank of Australia. The annual Kansas City Fed-Sponsored central bank symposium in Jackson Hole, WY runs from August 22 through 24 with a theme of “challenges for monetary policy.” Scheduled […] More

Central Bank Watch

Mexico Joins Group of Central Banks to Cut Central Bank Interest Rate

August 16, 2019

President Trump’s hostile handling of America’s southern neighbor since mid-2015 had created a vicious cycle of  peso depreciation and accelerating domestic inflation in Canada, forcing Mexican monetary authorities to repeatedly jack up their overnight interbank interest rate target from 3.0% prior to the first move in mid-December 2015 to 8.25% after the last move in […] More

New Overnight Developments Abroad - Daily Update

More Weak Data around the Globe

August 16, 2019

New Zealand’s manufacturing purchasing managers index fell below the neutral threshold of “50” for the first time since September 2012, with a reading of 48.2 in July after 51.1 in June. U.S. housing starts dropped 4.0% in July to a 5-month low of 1,191 million units. This was only 0.6% greater than in July 2018. […] More