Archive for June 23rd, 2021

Central Bank Watch

Czech National Bank Raises Policy Interest Rate

June 23, 2021

Officials at the Czech National Bank doubled their 2-week repo rate to 0.50%, marking its first hike in 16 months. 2020 had begun with an ill-timed 25-basis point hike in February, just before the pandemic hit. That move was quickly reversed with a pair of cuts totaling 125 basis points in March and an additional […] More

New Overnight Developments Abroad - Daily Update

Dollar Is a Touch Softer

June 23, 2021

The dollar is 0.1% softer against its DXY weighted index. The greenback slid 0.3% overnight against the Canadian, Australian and New Zealand dollars, 0.2% versus sterling and 0.1% relative to the yuan but firmed 0.1% against the yen and is unchanged against the euro, Swiss franc and Turkish lira. Equity markets are mixed. Share prices […] More