Archive for June 18th, 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: June 19 – 25, 2021

June 18, 2021

Central Banks: Monetary policies will be reviewed in the U.K., Hungary, the Czech Republic, China, Mexico, Thailand and the Philippines. Fed Chairman Powell and Bank of Japan Governor Kuroda will speak publicly. Bank of JapanĀ  publishes Board meeting minutes. Special Events: Summer solstice finds the Western United States in the grip of a heat wave […] More

Central Bank Watch

Bank of Japan’s June Policy Decisions

June 18, 2021

The Bank of Japan left its short-term interest rate and 10-year JGB yield targets unchanged at -0.1% and “around zero percent,” respectively. Ceilings on purchases of ETFs, REITs, commercial paper and corporate bonds were not changed. The special pandemic relief lending facility was extended by a half year to the end of March 2022, and […] More

New Overnight Developments Abroad - Daily Update

Dollar and Yen Continue benefiting from Post-FOMC Risk Aversion

June 18, 2021

The dollar edged 0.1% higher overnight against its weighted DXY index to its strongest level since April 12. In bilateral terms, the U.S. currency advanced 0.4% against the Australian dollar, 0.3% versus the New Zealand dollar and sterling, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the loonie, but the dollar dipped 0.1% against […] More