Foreign Exchange Insights and Next Week
Next Week’s Menu: July 8-14, 2023
July 7, 2023
Central Banks: Monetary policies are being reviewed in New Zealand, South Korea, Peru, and Canada. The Federal Reserve Beige Book of regional economic conditions, and the Bank of Canada’s quarterly Monetary Policy Report get published. Daly, Kashkari, Mester, and Bostic are among the Federal Reserve officials speaking publicly next week. Bank of Canada Governor Macklem […] More
New Overnight Developments Abroad - Daily Update
Bracing for U.S. Labor Market Data that Are Feared Likely to Be Too Strong
July 7, 2023
The ADP estimate that private U.S. jobs leaped around half a million in June cemented fears that today’s Labor Department employment situation report will leave the Fed no choice but to continue tightening, and more aggressively than rhetoric from officials have implied. Just minutes before the data’s release on Friday, U.S. share prices were modestly […] More
