Foreign Exchange Insights and Next Week
Next Week’s Menu: August 29-September 4, 2020
August 28, 2020
Central Banks: Monetary policy review are scheduled in Chile, Australia and Ukraine. The Federal Reserve Beige Book of regional economic conditions will be published. Clarida and Brainard from the Fed, Governor Lowe of the Reserve Bank of Australia, and Saunders, Haldane and Broadbent of the Bank of England speak publicly. British Holiday: U.K. markets will […] More
New Overnight Developments Abroad - Daily Update
Dollar Downtrend Accelerates
August 28, 2020
Powell’s speech that formally redefined the Federal Reserve’s inflation target and policy response function implies lower U.S. interest rates for longer and gave the dollar’s pandemic-related downtrend further impetus. Overnight the dollar depreciated by 1.3% against the Mexican peso, 1.7% relative to the Australian dollar, 1.2% versus the yen and kiwi, 0.8% vis-a-vis sterling and […] More
