Foreign Exchange Insights and Next Week
Next Week’s Menu: September 17 – 23, 2022
September 16, 2022
Central Banks: An unusually large number of central bank policy stances are scheduled for review, featuring the Federal Reserve, Bank of Japan, and Bank of England but also including Brazil, South Africa, China, Norway, Sweden, Turkey, Taiwan, Indonesia, the Philippines, the UAE, Saudi Arabia and Switzerland. Minutes from the last Reserve Bank of Australia policy […] More
Central Bank Watch
Central Bank of Russia Cuts Interest Rate Again
September 16, 2022
the Central Bank of Russia’s policy interest rate was sliced by 50 basis points to 7.5%, which is only about half as much as August’s 14.3% year-on-year rate of Russian CPI inflation. According to a released statement, Russian GDP is liable to contract 4% or slightly more this year, and subdued consumption should promote a […] More
New Overnight Developments Abroad - Daily Update
Intensifying Exodus from Equities
September 16, 2022
Led by a nearly 21% overnight plunge in Fed Ex shares, key U.S. stock market indices are down about 1%. Stock markets in the Pacific Rim had closed down 2.3% in China, 2.3% in China, 1.9% in Indonesia, 1.8% in India, 1.3% in Australia and 1.1% in Japan. The German Dax and Paris Cac are […] More
