Foreign Exchange Insights and Next Week
Next Week’s Menu: February 6-12, 2021
February 5, 2021
Central Banks: Monetary policies will be reviewed in Sweden, Peru, Mexico, Romania, Serbia, Russia, and the Philippines. N.Y. Fed President Williams, Bank of England Governor Bailey, and ECB Executive Board member Lane speak publicly during the week. Holidays and Special Events: New Zealand’s Waitangi Day will be observed Monday. Japan’s National Foundation Day falls on […] More
Central Bank Watch
Reserve Bank of India’s Cash Reserve Ratio Raised
February 5, 2021
The Reserve Bank of India as expected left its repo rate and reverse repo rate unchanged at 4.0% and 3.35%, respectively (there had been rate cuts of 115 basis points during 2020.) at the same time an initial move away from the ultra-expansionary stance commenced with today’s other decision to raise the bank’s cash reserve […] More
New Overnight Developments Abroad - Daily Update
Continuing Shift into Riskier Assets
February 5, 2021
It’s been another up-session for equities. Markets closed up 1.5% in Japan, 1.1% in South Korea and Australia, and 0.6% in Taiwan and Hong Kong. Market gains today so far exceed 1.0% in France, Italy, and Spain, and U.S. futures are up about 0.4% following yesterday’s senate partisan vote supporting President Biden’s $1.9 trillion proposed […] More
