Foreign Exchange Insights and Next Week
Next Week’s Menu: October 8, 2013
October 7, 2022
Central Banks: Monetary policy reviews will occur next week in South Korea and Sri Lanka. The FOMC minutes get published on Wednesday. Broeden and Pill of the Bank of England and Jordan of the Swiss National Bank are speaking publicly. Events and Holidays: Austrians elect their president on Sunday, October 9th. The IMF-World Bank annual […] More
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Fifteenth Straight Peruvian Central Bank Rate Hike
October 7, 2022
The policy interest rate at the Central Reserve Bank of Peru was increased late yesterday by 25 basis points to 7.0%. Rate tightening in Peru began back in August 2021 from a pandemic base of 0.25% reached after back-to-back reductions of a full percentage point in March and April of 2020. There had been a […] More
New Overnight Developments Abroad - Daily Update
Anticipating U.S. Jobs Figures and Realizing the Fed’s Gonna Do What the Fed’s Gotta Do
October 7, 2022
The U.S. monthly employment report due shortly will be a key decider of how much the fed funds rate gets hiked at the next FOMC meeting. In anticipation, the dollar dipped very modestly overnight, and U.S. and European share prices have barely moved. Ten-year sovereign debt yields, in contrast, have climbed 10 basis points in […] More
