Central Bank Watch
Another Mexican Central Bank Rate Cut
August 13, 2020
Over the past six months, policymakers at the Bank of Mexico have engineered six interest rate cuts totaling 275 basis points. The last five of these moves including today’s announcement were cuts of 50 basis points, and the overnight interbank interest rate now becomes 4.50%, which is a 3-1/2 year low. This latest easing, according […] More
Deeper Analysis
Euroland at a Glance and As a Foil Against Which to Assess the State of America
August 13, 2020
The Covid-19 pandemic presents enormous and similar challenges to most nations. 2020 is an especially critical year for the United States because it coincides with a presidential election that presents very different visions on the country’s future. We look at Europe, because the Democratic Party agenda would move the United States closer to the European […] More
New Overnight Developments Abroad - Daily Update
Dollar and European Equities Slip
August 13, 2020
The dollar slid overnight by 0.6% against sterling, 0.4% versus the euro, 0.3% relative to the loonie, and 0.1% against the Swiss franc. Equities closed higher by 1.8% in Japan, 1.3% in Singapore and 0.7% in Taiwan, but trading in Europe has seen losses so far today of 1.1% in the U.K., 0.3% in Germany […] More
