Foreign Exchange Insights and Next Week
Next Week’s Menu: July 23 -29, 2022
July 22, 2022
Central Banks: Monetary policies are being reviewed in Hungary and the United States. The FOMC is expected to raise the federal funds rate target by another 75 basis points, and Chairman Powell will hold a press conference afterward. Some central banks that link their currency to the dollar, such as the Hong Kong Monetary Authority, […] More
Central Bank Watch
Russian Central Bank Rate Cut Three Times Larger than Expected
July 22, 2022
Although economic sanctions had been unsuccessful in many earlier instances, that was the initial NATO response to Russian President Putin’s blatant aggression against Ukraine. The pressure initially seemed to impose great pain on the Russian economy and financial markets. The Central Bank of Russia had previously doubled its key interest rate in 2021 from a […] More
New Overnight Developments Abroad - Daily Update
Russia Getting Its Way in Ukraine… Western European Slowdown Intensifying
July 22, 2022
Although economic sanctions had been unsuccessful in many earlier instances, that was the initial NATO response to Russian President Putin’s blatant aggression against Ukraine. The pressure initially seemed to impose great pain on the Russian economy and financial markets. The Central Bank of Russia had previously doubled its key interest rate in 2021 from a […] More
