Central Bank Watch
European Central Bank Interest Rate Raised Again
June 15, 2023
Analysts had expected this morning’s news of an eighth straight interest rate hike at the European Central Bank, and the 25-basis point increase matched the street consensus as well. At 4.0%, the refinancing rate has risen 400 basis points since tightening began 11 months ago from a base of zero percent. The bank’s deposit rate […] More
New Overnight Developments Abroad - Daily Update
An Active Session from a Data Release, Central Bank Watching and Market Volatility Standpoint
June 15, 2023
The dollar touched an 8-month high against the yen overnight of 141.5 and currently shows a net 0.9% advance from Wednesday’s close. The dollar edged only 0.1% higher against sterling, the euro and Swiss franc, however. The price of Bitcoin tokens dived over $1000 (or 3.9%) so far today. Prices have diverged for West Texas […] More
