Foreign Exchange Insights and Next Week
Next Week’s Menu: April 8 – 14, 2023
April 7, 2023
Central Banks: Policy meetings scheduled at the Bank of Korea and Bank of Canada. Minutes to be published from last FOMC and ECB policy meetings. Holidays and Special Events: Easter Monday in Germany, France, Italy, Canada, Australia, New Zealand, and many other members of the euro area. Family Day on Monday in South Africa. The […] More
Deeper Analysis
U.S. March Labor Market Report Doesn’t Move the Needle
April 7, 2023
The likeliest FOMC rate decision at May’s meeting remains a 25-basis point rate increase. There were some encouraging signs from the standpoint of convergence on what the Fed seeks. On-year average hourly earnings growth slowed to 4.2% from 4.6% in February and 4.7% in January, and the March-over-December change expressed at an annualized rate was […] More
New Overnight Developments Abroad - Daily Update
The Good Friday/Easter Break but Also Awaiting U.S. Jobs Data
April 7, 2023
Several markets in the Pacific Rim were shut today, including those in Australia, New Zealand, Indonesia, Hong Kong and Singapore. Most of Europe was closed for holiday. Good Friday is not a federal holiday in the United States, but while banks will be open, stock exchanges will stay shut, muting any response to U.S. labor […] More
