Archive for August 13th, 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: August 14 – 20, 2021

August 13, 2021

Central Banks: Monetary policies will be reviewed in New Zealand, Sri Lanka, Indonesia, Norway and China. Minutes of most recent policy reviews by the FOMC and Reserve Bank of Australia Board will be published. Fed Chairman Powell speaks publicly. Holiday: Indonesians observe Independence Day on Tuesday. Scheduled Release of Following U.S. Economic Statistics: Retail sales, […] More

Central Bank Watch

Central Bank Rate Hike in Peru

August 13, 2021

An interest rate hike surprise has been sprung by officials at the Central Reserve Bank of Peru. With inflation accelerating there more than half a percentage point to 3.8% in July, monetary policymakers doubled their policy interest rate to 0.5%. This increase was the first change since a pair of 100-basis point reductions in March […] More

New Overnight Developments Abroad - Daily Update

Inflation Stays in the Spotlight

August 13, 2021

Quite a few indicators of inflation were released this Friday, among which July U.S. import prices caught the most attention. Import prices had posted monthly advances of at least 0.9% in each of the previous seven months but went up just 0.3% in July. This reduced year-on-year import price inflation by a full percentage point […] More