Foreign Exchange Insights and Next Week
Next Week’s Menu: November 12 -18, 2022
November 11, 2022
Central Banks: Interest rate decisions are scheduled in Thailand, China, Indonesia and the Philippines. Minutes from the last Reserve Bank of Australia Board meeting will be published. Special Events: U.S. President Biden and China President Xi Jinping hold their first face-to-face meeting as respective national leaders. They will meet in Bali Indonesia on Monday and […] More
Central Bank Watch
Mexican and Peruvian Monetary Policies Tightened
November 11, 2022
Interest rate hikes were announced late Thursday in Mexico and Peru. The Bank of Mexico‘s overnight interbank interest rate was raised by an as-expected 75 basis points to 10.0%. The policy rate has been increased at twelve straight policy reviews since June 2021, including moves of 75 basis points each in the latest four instances. […] More
New Overnight Developments Abroad - Daily Update
Post-CPI Equity Rally Gets Fresh Thrust from Chinese Covid Changes; DXY Has Dropped 5.4% Since Nov 3rd
November 11, 2022
On this Veteran’s Day holiday, U.S. banks will be closed, but the stock market is trading. U.S. equities had their biggest daily advance in over two years after Thursday’s CPI report, and stock futures this morning show a further 0.5% advance. Chinese officials, after initially denying rumors that a relaxation of the Zero Covid policy […] More
