Foreign Exchange Insights and Next Week
Next Week’s Menu: June 25 – July 1, 2022
June 24, 2022
Central Banks: Monetary policy reviews are scheduled in Thailand, Sweden and Hungary. The Bank of Japan will be publishing its quarterly Tankan survey of corporate conditions and expectations, as well as a summary of its most recent Board meeting. Bank of Governor Bailey speaks publicly. Holiday and Events: The annual summit of G7 leaders will […] More
Central Bank Watch
Another Bank of Mexico Policy Rate Hike
June 24, 2022
The Bank of Mexico’s overnight interbank rate was lifted by 75 basis points to 7.75%, matching market expectations and also the recent incremental tightening of the federal funds rate. 7.75% constitutes the Mexican policy rate’s highest elevation since shortly before the pandemic’s onset. The rate’s pandemic low of 4.0% occurred between February and June of […] More
New Overnight Developments Abroad - Daily Update
Softer Dollar and Yen
June 24, 2022
The dollar firmed 0.2% overnight against the yen but otherwise slipped 0.3% against the Swiss franc, peso, and kiwi, 0.2% relative to the loonie and sterling, and 0.1% versus the euro and on a weighted DXY basis. Equity markets are headed for a weekly advance, which has been a rare occurrence in 2022. The street […] More
