Foreign Exchange Insights and Next Week
Next Week’s Menu: May 8 – 14, 2021
May 7, 2021
Central Banks: Monetary policies will be reviewed by central banks in Serbia, Mexico, Peru, Chile, Romania and the Philippines. NY Fed President Williams, Bank of England Governor Bailey, and Bank of Canada Governor Macklem are among the central bankers who will be speaking publicly. A summary of the latest BOJ Board meeting and ECB Governing […] More
Deeper Analysis
U.S. Jobs Report Delivers Biggest Forecasting Miss Ever
May 7, 2021
A net 266k non-farm jobs were added in April, more than 700k less than predicted. The 144.3 million level of employment remains nearly 50 million below the extended trendline of jobs growth occurring in the two decades between end-1979 and Y2K. Fed officials are right to believe that America is still far from what used […] More
New Overnight Developments Abroad - Daily Update
Lots of Other Data to Digest While Waiting for U.S. April Jobs Report
May 7, 2021
The dollar, down a mere 0.1% overnight, and the 10-year Treasury yield — unchanged at 1.57% — have been marking time ahead of the U.S. Labor Department’s monthly jobs report, which is expected to reveal a 0.1-0.2 percentage point drop in unemployment, another large jump in employment of close to 900k, but tepid wage pressure. […] More
