Archive for March 5th, 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: March 6-12, 2021

March 5, 2021

Central Banks: Monetary policies will be reviewed in Canada, Serbia, Peru and at the European Central Bank. ECB President Lagarde, Bank of Canada Governor Macklem, Bank of England Governor Bailey, and Reserve Bank of Australia Governor Lowe are some of the central bankers speaking publicly next week. Events and Holidays: The Chinese National People’s Congress […] More

New Overnight Developments Abroad - Daily Update

Fed’s Inaction on Rising Long-Term Interest Rates Sends Dollar Higher

March 5, 2021

Investors had been hoping to hear some voiced protest against the steepening U.S. yield curve from Fed Chairman Powell’s speech yesterday, but it wasn’t to be. Powell expressed a lack of worry about the development, while reaffirming that Fed tightening is years away even if U.S. employment and price growth outpaces the path assumed by […] More