Archive for July 23rd, 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: July 24 -30, 2021

July 23, 2021

Central Banks: There is a two-day FOMC meeting with Powell’s press conference to follow Wednesday. Policy meetings are also scheduled in Colombia and Hungary, and the Bank of Japan will publish a summary of its most recent policy review. U.S. Statistical Releases Next Week: Quarterly GDP and employment cost index. Monthly personal income, spending & […] More

Central Bank Watch

Central Bank of Russia Hikes Interest Rate Further

July 23, 2021

The Central Bank of Russia’s policy interest rates was raised today for a full percentage point to 6.5%, which more than reversed last year’s entire easing from 6.25% to 4.25%. Along with increases of 25 basis points in March, 50 bps in April, 75 bps in May and 50 bps in June, the Russian central […] More

New Overnight Developments Abroad - Daily Update

Covid Alive and Well and Exerting Varied Influence

July 23, 2021

July preliminary purchasing manager survey results reported today for the euro area, U.K., Australia and United States confirm continuing robust economic activity but weaker business confidence due to elevated inflation, supply-side constraints in labor and materials, and not least the highly infectious Delta Variant of Covid-19. The number of globally identified coronavirus cases keeps grinding […] More