Archive for April 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: April 10 – 16, 2021

April 9, 2021

Central Banks: Monetary policies will be reviewed in New Zealand, Serbia, South Korea, Turkey and Ukraine. The Fed Beige Book of regional U.S. economic conditions will be published, and Fed District Presidents Williams and Rosengren will be speaking publicly. Events: The World Bank/IMF meetings wrap up this weekend. EU finance ministers meet April 16th. Scheduled […] More

New Overnight Developments Abroad - Daily Update

Weaker-than-Forecast European Industrial Production Lifts Dollar

April 9, 2021

The dollar rebounded 0.2% against its weighted index overnight from a 2-week low. One boost came from a five-basis point rise of the ten-year U.S. Treasury yield, even though other comparable sovereign debt yields also advances strongly. The dollar rose 0.4% against the yen, 0.3% versus the Mexican peso, 0.2% vis-a-vis the Swiss franc and […] More

New Overnight Developments Abroad - Daily Update

Somewhat Weaker Dollar

April 8, 2021

The dollar is trading 0.2% lower against its DXY weighted index and versus the loonie, Swiss franc, sterling, Turkish lira and Mexican peso. Larger drops include losses of 0.6% versus the yen, 0.5% against the kiwi and yuan, and 0.4% vis-a-vis the New Zelanad dollar. No net change against the euro limited the weighted dollar’s […] More

New Overnight Developments Abroad - Daily Update

Little Change in Dollar or Share Prices; More PMIs Attest to Rising Inflationary Pressure

April 7, 2021

The dollar advanced overnight by 0.6% against the Turkish lira as well as 0.4%, 0.3% and 0.2% against the Australian, New Zealand and Canadian dollars. But the greenback otherwise held steady against the yen and fell 0.1% versus the euro and on a weighted basis. Share prices in the Pacific Rim closed up 0.9% in […] More

Central Bank Watch

Reserve Bank of Australia Keeps Existing Monetary Policy Unchanged

April 6, 2021

Australia’s Official Cash Rate had been cut three times last year, twice in March by a total of 75 basis points and most recently by a further 15 bps in November to a record low of 0.10%. That level was retained at today’s monthly policy review by the Reserve Bank of Australia Board. So were […] More

New Overnight Developments Abroad - Daily Update

Dollar and U.S. Equity Futures Down Marginally from Elevated Closing Levels on Monday

April 6, 2021

The dollar settled back 0.15% on a weighted index despite gains overnight against the Australian, Canadian and New Zealand dollars, the Turkish lira and pound sterling. After reaching record highs on Monday, U.S. S&P and DJIA futures have edged down 0.2% and 0.1%. Stock markets in the Pacific Rim fell 1.3% in Japan and 0.9% […] More

New Overnight Developments Abroad - Daily Update

Many Markets Remain Closed for Easter Monday and Only a Few Data Released

April 5, 2021

Australia, New Zealand, Canada and most European markets are shut observing the extended Easter holiday, while China, Hong Kong, and Taiwan are celebrated the Ching Ming Festival. The World Bank/IMF meetings at which Fed Chairman Powell will be speaking are running all week. The dollar has dipped 0.3% relative to the Australian dollar and sterling, […] More

Foreign Exchange Insights and Next Week

Next Week’s Menu: April 3 – 9, 2021

April 2, 2021

Central Banks: Monetary policy meetings in Australia, India, Poland, Peru, and Sri Lanka. Minutes will be published from the last ECB and FOMC policy meetings. Holidays and Events: Easter Monday will be observed in many countries, including Italy, France, Germany, Australia, New Zealand, Switzerland, the U.K., Canada, Hong Kong and Norway. China (Ching Ming Festival) […] More

New Overnight Developments Abroad - Daily Update

Most Everything Shut for Good Friday But One Big Data Report Being Released

April 2, 2021

The list of countries closed today includes Australia, New Zealand, Mexico, Canada, India, Singapore, Norway, Italy, France, Spain, Great Britain, Switzerland, Hong Kong, Singapore, Brazil, South Africa,  and Germany. The United States is essentially shut too, and there will be no equity market trading. But the monthly labor market situation data will be released at […] More

Deeper Analysis

March and First Quarter 2021 in Figures

April 1, 2021

None of central banks below changed policy interest rates during the first quarter, but 10-year sovereign debt yield recorded sharp advances. Favorable U.S. long-term interest rate differentials became even more so during March. In spite of rising long-term bond yields, equities experienced gain last quarter including in March. The U.S. and Canadian dollars strengthened last […] More

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