Foreign Exchange Insights and Next Week
Next Week’s Menu: August 12- 18, 2023
August 11, 2023
Central Banks: Monetary policies will be reviewed in New Zealand, Norway and the Philippines. Minutes from the last Reserve Bank of Australia board and FOMC meetings will be published. Holidays and Special Event: Assumption Day will be observed Tuesday in France and Italy. Argentinian presidential primaries will be held Sunday. U.S. Data Releases: Retail sales, […] More
New Overnight Developments Abroad - Daily Update
Risk Aversion Persists as Investors Get Ready for U.S. PPI Release
August 11, 2023
Any sense of investor complacency after Thursday’s CPI figures was squelched by San Francisco Fed President Daly’s cautionary remarks that sustainable price stability will remain elusive without less labor market tightness than exists currently. An enduring impact of former Fed Chairman Volcker’s victory over inflation forty years ago is that higher-than-desired U.S. inflation provides support […] More
