Archive for April 3rd, 2020

Foreign Exchange Insights and Next Week

Next Week’s Menu: April 4 – 10, 2020

April 3, 2020

Central Banks: Monetary policy reviews are scheduled in Israel, Australia, Poland, Serbia and South Korea. Also know that during the Covid-19 crisis, central bank policies have been modified frequently after unscheduled meetings. FOMC minutes will be published, and so will the Bank of Canada’s Business Outlook Survey. Holidays and Other Notes of Interest: Mahavir Jayanti […] More

Central Bank Watch

25-Basis Point Cut in Sri Lankan Central Bank Policy Rates

April 3, 2020

The Monetary Board at the Central Bank of Sri Lanka held an emergency session today in which members agreed to cut the Standing Deposit Facility rate to 6.0% from 6.25% and the Standing Lending Facility rate also by 25 basis points to 7.0%. Just 18 days earlier also at an unscheduled meeting, these rates were […] More

New Overnight Developments Abroad - Daily Update

Friday Data Put Coronavirus Recession in a League of its Own

April 3, 2020

The U.S. monthly labor force survey for March could have been worse because of the release’s disclaimer that “the survey reference periods predated many coronavirus-related business and school closures that occurred in the second half of the month.” That being said, non-farm payroll employment plunged 701K, most since April 2009. A drop of 701,000 jobs […] More