Archive for June 19th, 2020

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