Foreign Exchange Insights and Next Week
Next Week’s Menu: October 5-11
October 4, 2019
Central Banks: Monetary policy meetings in Serbia, Peru, Israel and Sri Lanka. Minutes to be released from the most recent Federal Reserve and European Central Bank policy reviews. Powell, George, Evans and Kashkari are some to the Fed officials speaking publicly next week, and Bank of England Carney and Bank of Japan Board member Amamiya […] More
Central Bank Watch
Another Central Bank Rate Cut in India
October 4, 2019
The Reserve Bank of India cut its benchmark repo interest rate for the fifth time since February. Today’s reduction to 5.15% was 25 basis points, and the total decline of all five moves has been 135 basis points in size. The reverse repo rate also was trimmed by 25 basis points to 4.90%. A statement […] More
New Overnight Developments Abroad - Daily Update
Investors Uneasy Awaiting U.S. Jobs and Trade Data
October 4, 2019
Today’s big question is whether the U.S. jobs statistics due in an hour corroborate other weak data released during the past month. Yesterday brought stunning news that the non-manufacturing purchasing managers index slumped 3.8 points in September to a 3-year low and embodied drops of 6.3 points in production and 6.6 points in new business. […] More
