Foreign Exchange Insights and Next Week
Next Week’s Menu: January 13 – 19, 2024
January 12, 2024
Central Banks: Monetary policy stances will be reviewed in Indonesia and Kazakhstan. The Fed Beige Book of U.S. regional economic trends and minutes from the last European Central Bank governing council meeting are to be published. U.S. Holiday and Special Events: Americans will observe Martin Luther King’s Birthday on Monday. Voters in Taiwan choose a […] More
Central Bank Watch
Peruvian Central Bank Rate Cut
January 12, 2024
The Central Reserve Bank of Peru implemented a fifth straight 25-basis point cut in its interest rate benchmark which now stands at 6.5%, but the released statement explaining the action once again warned that “this decision does not necessarily imply a sequence of interest rate reductions.” CPI inflation in Peru has decelerated from a 299-month […] More
New Overnight Developments Abroad - Daily Update
Mideast Tensions Flare and Long-Term Interest Rate Spreads Widen
January 12, 2024
As warned previously, U.S. and British retaliatory air strikes on Houthis targets in Yemen were carried out to avenge previous Houthis attacks on commercial ships in the Red Sea. The price of WTI oil leaped 3.6% overnight on fears of a widening war in the Middle East. While the 10-year U.S. treasury yield climbed three […] More
