Central Bank Watch
Further Scale-Back of Canadian Bond Buying by Bank of Canada
July 14, 2021
The central bank’s Governing Council kept the overnight rate target at 0.25% and indicated in its statement that such is unlikely to be raised until sometime in the second half of 2022. But the weekly pace of government bond purchases was reduced by a billion Canadian dollars to C$ 2 billion. Such had been cut […] More
Central Bank Watch
New Zealand Monetary Authorities to Stop an Asset Buying Program
July 14, 2021
The U.S. dollar’s most significant movement overnight has been a 1.0% decline against the New Zealand dollar, which rose following an initial tapering of monetary policy stimulus announced by the Monetary Policy Committee of the Reserve Bank of New Zealand. A released statement after a scheduled policy review, opined that, in the absence of any […] More
New Overnight Developments Abroad - Daily Update
Data Evidence of Higher Inflation and a Setback in Industrial Production
July 14, 2021
In overnight currency market action, the weighted dollar touched its highest level (92.83) since very early in April but subsequently settled back to 0.1% below its Monday closing level. Net dollar losses so far today are 0.4% versus the Mexican peso, 0.3% relative to sterling and 0.1% versus the yen, euro, loonie and Australian dollar. […] More
