Foreign Exchange Insights and Next Week
Next Week’s Menu: September 16, 2023
September 15, 2023
Central Banks: A thick calendar of central bank meetings includes the Federal Reserve, Bank of Japan, Bank of England, People’s Bank of China, Swedish Riksbank, Bank of Korea, Bank Indonesia, Bank of Norway, Central Bank of Brazil, Central Bank of the Republic of China (Taiwan), Central Bank of Turkey, Central Bank of the Philippines, and […] More
Central Bank Watch
Russian Interest Rate Hike
September 15, 2023
Faced with consumer price inflation that in between May and August accelerated to a 9.9% annualized pace, officials at the Central Bank of Russia felt compelled to lift its interest rate by another full percentage point to 13.0%. This increase comes on top of hikes of 100 bps in July and 350 bps in August. […] More
Central Bank Watch
Peruvian Central Bank Interest Rate Cut
September 15, 2023
The board of directors at the Central Reserve Bank of Peru as expected cut its reference interest rate by 25 basis points to 7.50%. This reduction reverses the final hike of 25 basis points in a sequence of tightening from a starting point of 0.25% in August 2021 that ended at 7.75% in January 2023. […] More
New Overnight Developments Abroad - Daily Update
Dollar and Price of Oil Strengthen Further
September 15, 2023
Chinese data for August released Friday beat expectations. On year increases in retail sales and industrial production of 4.6% and 4.5% represent 3- and 4-month highs, and the jobless rate fell 0.1 percentage point back to the 5.2% level of the second quarter. That was the lowest in 16 months. To be sure, there were […] More
