Foreign Exchange Insights and Next Week
Next Week’s Menu: April 1 – 7, 2023
March 31, 2023
Central Banks: Interest rate policies will be reviewed in Australia, New Zealand, India, Poland, Romania and Sri Lanka. The Bank of Japan publishes its quarterly Tankan survey of corporate conditions and expectations. Kazuo Ueda replaces Kuroda and Bank of Japan governor with a five-year term. The Bank of Canada releases its business outlook survey. Holidays […] More
Central Bank Watch
25-Basis Point Hike in Bank of Mexico’s Interest Rate
March 31, 2023
Like the South African Reserve Bank and Central Bank of Colombia, news arrived late yesterday that the Bank of Mexico also was raising its policy rate. The increase of 25 basis points was smaller than earlier moves but lifts the overnight interbank rate to a record high of 11.25% versus a pandemic low of 4.0% […] More
New Overnight Developments Abroad - Daily Update
A Typical Quarter-End Deluge of Economic Data
March 31, 2023
Prior to the U.S. release of personal income and spending, the dollar was showing overnight gains of 0.4% against the Swiss franc, Japanese yen and Australian dollar and of 0.3% versus the euro and on a weighted basis as measured by the DXY index. Nonetheless, the dollar over the whole first quarter lost ground on […] More
