Archive for September 16th, 2022

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