Archive for October 12th, 2020

Foreign Exchange Insights and Next Week

Dollar Outlook as Election Nears

October 12, 2020

2020 has been a difficult year for America’s brand of democracy. Amid doubts that democratic practices can be relied upon to forge policies in the best common interests of the citizenry or even whether the people still want sovereignty to be vested in the people, the dollar’s main basis of support lies in its centrality […] More

New Overnight Developments Abroad - Daily Update

Rise in Dollar and Share Prices

October 12, 2020

The People’s Bank of China over the weekend slashed reserve requirements on foreign exchange deposits to zero percent in a move to counter recent strength in the yuan, which gained 0.8% overnight. The move also buoyed China’s stock market by 2.6%. Other dollar gains overnight amount to 0.7% versus the Mexican peso, 0.4% relative to […] More