Foreign Exchange Insights and Next Week
Next Week’s Menu: June 20 -26, 2020
June 19, 2020
Central Banks: Monetary policies to be reviewed in Hungary, the Czech Republic, New Zealand, China, the Philippines, Turkey, Mexico and Thailand. Minutes from last Central Bank of Brazil policy meeting and a summary of the latest Bank of Japan meeting will be published, and the Fed on Thursday reveals the results of the annual bank […] More
Central Bank Watch
Bank of Russia Interest Rate Reduced Full Percentage Point
June 19, 2020
The Central Bank of Russia lowered its one-week repo rate by a full percentage point to a record low of 4.5%, bringing the net drop this year to 175 basis points. The rate earlier was cut 25 bps in February and by 50 bps in April. More monetary relief is moreover still in play according […] More
New Overnight Developments Abroad - Daily Update
Good Trade News but Unsettling Covid Developments
June 19, 2020
Share prices got a boost from an overnight report that China will step up purchases of U.S. agricultural goods. This comes after Thursday’s revelation in the Bolton tell-all book that Trump had solicited a boost in Chinese purchases to voter reelection support from the mid-west. Several populous U.S. states like California, Florida, and Texas continue […] More
