Archive for March 13th, 2020

Foreign Exchange Insights and Next Week

Next Week’s Menu: March 14 – March 20, 2020

March 13, 2020

Central Banks: In spite of the Covid-19 pandemic, monetary policy meetings are being held next week in a slew of countries featuring the Fed and Bank of Japan and to be followed by press conferences by Powell and Kuroda. Policy boards also meet in China, Russia, Brazil, Turkey, South Africa, Switzerland, Indonesia Iceland, Norway and […] More

Central Bank Watch

Central Bank of Norway Cuts Interest Rate after Unscheduled Meeting

March 13, 2020

Norges Bank’s policy interest rate was reduced to 1.0% from 1.5%, reversing half a full-percentage point tightening implemented in 25-basis point increments in March 2018, March 2019, June 2019, and September 2019. The decision at an extraordinary unscheduled Board meetings was made unanimously. The next scheduled meeting is on March 19. A released statement justifies […] More

New Overnight Developments Abroad - Daily Update

A Session of Counter-Trend Movement and Continuing Volatility

March 13, 2020

Yesterday’s stampede out of risk assets continued in Asia but reversed in Europe. Equities fell 6.1% in Japan, 4.0% in India, 3.4% in South Korea 1.7% in Singapore, 1.2% in China and 1.1% in Hong Kong. Share prices in Europe have climbed 7.1% in the U.K., 7.6% in Switzerland, 9.4% in Spain, 14.4% in Italy, […] More