Archive for April 8th, 2022

Foreign Exchange Insights and Next Week

Next Week’s Menu: April 9 – 15, 2022

April 8, 2022

Central Banks: Monetary policies will be reviewed in South Korea, Israel, Canada, New Zealand, Ukraine, and at the European Central Bank. Governor Macklem of the Bank of Canada and President Lagarde of the ECB will hold press conferences, and the Bank of Canada policy meeting coincides with the publication of the quarterly Monetary Policy Report […] More

Central Bank Watch

Pakistani and Russian Central Bank Interest Rates Undergo Big Changes in Opposite Directions

April 8, 2022

The latest batch of central bank interest rate decisions includes a 250 basis point hike in the State Bank of Pakistan’s policy rate to 12.25%. The decision was made at an emergency unscheduled meeting, accompanied by an upwardly revised 11% projected rate of inflation this year, and explicitly intended to restore a premium between the […] More

Central Bank Watch

Another Peruvian Interest Rate Hike

April 8, 2022

At this month’s scheduled monetary review, the Central Reserve Bank of Peru lifted its policy interest rate by 50 basis points to 4.5%, its highest level since 2009. While the Fed only within the past month entertained the thought of raising interest rates by increments greater than 25 basis point (something not done in decades), […] More

New Overnight Developments Abroad - Daily Update

More Bad Inflation News and a Diversity of Central Bank Decisions

April 8, 2022

The dollar continued to trade at historically firm levels overnight. The weighted DXY dollar index is up 0.1% and touched another multiyear high of 99.99. Gains of 0.5%, 0.3% and 0.2% were made against the New Zealand, Australian and British currencies, but the greenback dipped 0.2% versus the Russian ruble. Asian stock markets made modest […] More

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