Archive for October 15th, 2019

Foreign Exchange Insights and Next Week

Still Waiting for a Broad and Sustained Dollar Decline

October 15, 2019

Many forecasters had expected a downward break in the dollar this year. It didn’t happen, and only a fifth of the year remains. Compared to a year ago, the dollar shows a double-digit decline against the euro and rises of about 3% relative to sterling and the Chinese yuan versus a dip of less than […] More

Central Bank Watch

Monetary Policy Eased in Singapore

October 15, 2019

Singapore’s monetary policy is reviewed by it Monetary Authority (MAS) semi-annually in April and October, and policy tool used is an allowed band for the trade-weighted Singapore dollar, rather than a domestic interest rate. Three-month Sibor is currently at 1.9%. The S-dollar’s policy band has three elements: a mid-point, the band’s width, and a prescribed […] More

New Overnight Developments Abroad - Daily Update

Confusion on Many Fronts

October 15, 2019

Details of the Phase I trade deal that U.S. President Trump proclaimed last week remain vague, and it’s unclear even if the Chinese and U.S. negotiators reached any kind of common ground to commit to writing. The pendulum of investor expectations about where trade talks are heading continues to swing wildly by the day and […] More