Archive for November 12th, 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: November 13 – 19, 2021

November 12, 2021

Central Banks: Monetary policy meetings are scheduled in Turkey, South Africa, Iceland, Indonesia, Hungary and the Philippines. Minutes from the Reserve Bank of Australia’s last policy meeting will be published, and RBA Governor Lowe will be speaking. Scheduled U.S. Economic Data Releases: Retail sales, industrial production, housing starts, building permits, import prices, the NAHB housing […] More

Central Bank Watch

Central Reserve Bank of Peru Lifts Interest Rate by Half a Percentage Point

November 12, 2021

At the Central Reserve Bank of Peru, the Board of Directors felt compelled to react to a 0.6 percentage point further acceleration of CPI inflation to 5.8% in October, its highest level since the start of 2009. Officials attribute the rise mostly to external factors but also mentioned the Peruvian Sol’s recent depreciation. Their hope […] More

Central Bank Watch

Bank of Mexico’s Overnight Interbank Rate Lifted Again

November 12, 2021

Officials at the Bank of Mexico by a vote of four to one authorized a fourth straight 25-basis point hike of the overnight interbank rate to 5.0%. Before the magnitude of global inflationary pressure was understood, the rate last February had been sliced by 25 basis points to 4.0% to culminate 325 basis points of […] More

New Overnight Developments Abroad - Daily Update

A Mostly Inconsequential Friday

November 12, 2021

The dollar marked time overnight. It’s weighted DXY value did not climb further after reaching highs on Thursday not seen since July 2020. The dollar is also unchanged from Thursday closing levels against the euro, yen, loonie, and kiwi, up 0.3% versus the Turkish lira and 0.2% against the Swiss franc but down 0.2% vis-a-vis […] More

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