Central Bank Watch
Central Bank Rates Hiked in Zambia and Namibia
February 15, 2023
th a reading of -5.8. Such had dropped in January by 21.7 index points to minus 32.9. U.S. mortgage applications dropped 7.7% last week in reaction to a 21-basis point rise in the 30-year fixed mortgage rate to 6.39%. Two central banks in Africa raised their key interest rates today. The Bank of Zambia‘s policy […] More
New Overnight Developments Abroad - Daily Update
Dollar Lifted by Signs of Stronger U.S. Growth than Assumed
February 15, 2023
The weighted DXY dollar index advanced 0.7% overnight. Gains range from 1.5% against the Aussie dollar and 1.3% versus sterling to 0.8% relative to the Japanese yen and Mexican peso, 0.6% against the euro and loonie, and 0.4% relative to the Chinese yuan and Swiss franc. U.S. stock futures are down 0.5-0.6%. Investors have abandoned […] More
