Archive for August 23rd, 2019

Foreign Exchange Insights and Next Week

Next Week’s Menu

August 23, 2019

Central Banks: Monetary policy reviews scheduled in Hungary, South Korea, Israel and Iceland. Lowe and Debelle of the Reserve Bank of Australia and Suzuki of the Bank of Japan speak publicly. Events and Holidays: The annual Central Bank Symposium at Jackson Hole, Wyoming ends on Saturday, and the annual Group of Seven summit begins that […] More

Central Bank Watch

Central Bank of Sri Lanka’s Interest Rates Cut by 50 Basis Points in Mostly Unexpected Move

August 23, 2019

Friday brought word of another central bank rate cut. This time it involved the Central Bank of Sri Lanka. The rate cut size was 50 basis points each to the key deposit rate (now 7.0%) and lending rate (now 8.0%). The cut follows a similarly sized reduction engineered in May, which together almost offset a […] More

New Overnight Developments Abroad - Daily Update

Dollar Slightly Firmer as Markets Await Speeches from Powell and Other Central Bankers

August 23, 2019

The dollar climbed overnight by 0.4% against the Swiss franc and sterling and by 0.2% relative to the yen, euro and loonie. It’s unchanged on balance against the yuan but touched a new 11-year intra-day high of 7.0987 against the Chinese yuan. The peso and Australian dollar are unchanged against the greenback, while the kiwi […] More