Archive for May 27th, 2022

Foreign Exchange Insights and Next Week

Next Week’s Menu: May 28 – June 3, 2022

May 27, 2022

Central Banks: Monetary policies will be reviewed in Canada, Hungary and the Czech Republic. A policy review had been scheduled for June 2 in Ukraine but presumably will be postponed. As explained previously, “under current conditions, market monetary instruments have limited impact on the money and FX markets. As the NBU announced in March, the […] More

New Overnight Developments Abroad - Daily Update

Dollar Narrowly Mixed and Equities Seemingly Headed for First Weekly Rise in Nearly Two Months

May 27, 2022

The weighted DXY dollar index fell initially in overnight trading but recovered to show minuscule net change. Relative to specific other currencies, the dollar shows overnight net gains of 0.5% against the ruble, 0.2% versus the Turkish lira and 0.1% vis-a-vis the euro, and there’s been no change against the Swiss franc. Losses have occurred […] More