Archive for February 12th, 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: February 13-19, 2021

February 12, 2021

Central Banks: Monetary policies will be reviewed in South Korea, Indonesia, and Sri Lanka. Minutes from the last Federal Open Market Committee, Reserve Bank of Australia, and European Central Bank policy reviews will be published. Rosengren, Brainard, and Bowman from the Federal Reserve, Schnabel and McCaul from the ECB and Ramsden, Saunders from the Bank […] More

Central Bank Watch

Bank of Mexico Rate Cut

February 12, 2021

Following two monetary policy reviews in which the Bank of Mexico’s easing trend was put on hold, officials there cut their overnight interbank lending rate by 25 basis points to 4.0%. This move had been expected. A released statement notes that Mexican real GDP plunged 8.5% in 2020, which for now is considered a greater […] More

New Overnight Developments Abroad - Daily Update

Dollar Rose Slightly

February 12, 2021

The dollar recovered 0.5% against the Mexican peso and New Zealand dollar, 0.3% relative to the Swiss franc and Australian dollar, 0.2% versus the euro, yen, and loonie, and 0.1% against sterling overnight. On a trade-weighted basis, the U.S. currency is up 0.2% and trading in the middle of today’s high-low corridor. Lunar New Year […] More