Archive for November 22nd, 2019

Foreign Exchange Insights and Next Week

Next Week’s Menu: November 23-29th

November 22, 2019

Central Banks: Monetary policy reviews scheduled in South Korea, Israel and Sri Lanka. Fed Beige Book of regional economic conditions to be published. ECB chief economist Lane and Reserve Bank of Australia Deputy Governor Debelle speak publicly. Holidays: Japanese Labor Thanksgiving on Monday. U.S. Thanksgiving on Thursday and an early close of the U.S. Treasury […] More

New Overnight Developments Abroad - Daily Update

Meaningful Data from Abroad and a Paralyzed U.S. Federal Government

November 22, 2019

Today’s main dollar move has been a 0.4% rise against sterling. Provisional U.K. purchasing manager survey results from November revealed surprisingly weaker-than-expected developments. The composite PMI fell 1.5 points to a sub-50 reading of 48.5, lowest since July 2016 or, that is, right after the infamously ill-advised Brexit referendum. Both manufacturing (48.3) and services (48.6) […] More