Archive for September 6th, 2023

Central Bank Watch

First Central Bank Rate Cut in Poland Since 2020

September 6, 2023

The dollar today has strengthened 1.9% against the Polish zloty and shows a two-day 3.0% advance versus that currency, which was hurt by a greater-than-anticipated 75-basis point decrease in the National Bank of Poland‘s reference interest rate to 6.0%. During 2022, the central bank’s interest rate had been increased seven times and by a total […] More

New Overnight Developments Abroad - Daily Update

Central Bank Decisions, a U.S. PMI Surprise, and a Further Advance in the Price of Oil

September 6, 2023

The U.S. Institute of Supply Management delivered a surprisingly buoyant U.S. non-manufacturing purchasing managers survey for the month of August, showing an overall 6-month high reading of 54.5 versus 52.7 in July and including a 2.1-point increase in the inflation subindex to 58.9. This news eclipsed the other S&P Global U.S. PMI news of 6- […] More