Foreign Exchange Insights and Next Week
Next Week’s Menu: February 24 – March 1, 2024
February 23, 2024
Central Banks: Interest rate policies will be reviewed in Kyrgyzstan, Hungary, New Zealand and Israel. Bostic, Mester, and Goolsbee and Lagarde and McCaul of the ECB are some of the monetary officials speaking publicly next week. Special Events: South Carolina Republican primary on February 24th. Russian President Putin presents annual state of the nation address […] More
Central Bank Watch
Kazakhstan’s Fifth Central Bank Cut since August
February 23, 2024
To counter swelling inflation that crested a year ago at a 21st century high of 21.3%, the National Bank of Kazakhstan’s policy interest rate was 775 basis points between July 2021 and the end of 2022. After the final hike, central bank officials signaled an end to the streak but also promised not to cut […] More
New Overnight Developments Abroad - Daily Update
Soft European Activity, A Holiday in Japan, and a Kazakhstani Central Bank Rate Cut
February 23, 2024
The dollar is marginally weaker this morning, with overnight dips of 0.3% against the Aussie dollar, 0.2% versus the Mexican peso and sterling, and 0.1% vis-a-vis the euro and Canadian dollar. Dollar/yen is steady with the Tokyo market shut in observance of the Emperor’s Birthday holiday. Ten-year sovereign debt yields have declined today by six […] More
