Archive for November 15th, 2019

Foreign Exchange Insights and Next Week

Next Week’s Menu: November 16-22

November 15, 2019

Central Banks: Monetary policies to be reviewed in Indonesia, Hungary, China and South Africa. Policy meeting minutes to be published by the Fed, Reserve Bank of Australia, and European Central Bank. Reserve Bank of Australia Governor Lowe, Bank of Canada Governor Poloz, and ECB President Lagarde will be speaking publicly. Special Events and Holidays: A […] More

Central Bank Watch

Bank of Mexico Interest Rate Cut Again

November 15, 2019

The Governing Board of the Bank of Mexico voted 5-2 in favor of a third consecutive 25-basis point interest rate cut, which becomes 7.5%. The two dissenters wanted a 50-basis point reduction. The combined 75-basis point reduction remains small in comparison with 500 basis points of tightening during 2016-18. Officials released a statement that notes […] More

New Overnight Developments Abroad - Daily Update

Out of Fixed Income Assets and Into Stocks

November 15, 2019

After a few days that saw sovereign debt yields decline, ten-year U.S. Treasuries, German bunds and British gilts each rose two basis points overnight. In stock market action, equities rose 0.9% in Australia, 1.1% in South Korea, 0.7% in Japan and Taiwan but slipped 0.6% in China. European stock markets so far show gains of […] More