Archive for July 24th, 2020

Foreign Exchange Insights and Next Week

Next Week’s Menu: July 27 – 31, 2020

July 24, 2020

Central Banks: The fifth scheduled meeting of the Federal Reserve Open Market Committee is set for Tuesday-Wednesday and will be followed by Chairman Powell’s press conference. Bank of Japan Deputy Governor Amamiya also speaks publicly during the week, and a summary of the last BOJ meeting will get published. Holiday: The Muslim festival of Eid-al-Adha […] More

Central Bank Watch

Russian Central Bank Interest Rate Cut as Expected

July 24, 2020

With a warning that “in the context of prevailing disinflationary factors, there is a risk that in 2021 inflation might deviate downwards from the 4% target,” officials at the Central Bank of the Russian Federation enacted their fourth one-week repo rate cut of 2020 to 4.25%. Together with reductions of 25 basis points in February, […] More

New Overnight Developments Abroad - Daily Update

Confidence Hit by Concerns Over China, Coronavirus, and Economic Outlook

July 24, 2020

The last thing the world needs in the middle of a recession is an escalation of Sino-U.S. trade and foreign policy strains, but that became an even likelier prospect as Beijing officials closed down the U.S. consulate in Chengdu. The day’s coronavirus data have been again alarming, although not quite to the extent of the […] More