Foreign Exchange Insights and Next Week
Next Week’s Menu: April 27-May 3, 2024
April 26, 2024
Central Banks: America’s Federal Reserve heads a group of scheduled monetary policy reviews that also includes central banks in the also includes those in the Czech Republic, Norway and Armenia. The FOMC will not be updating forecast at this meeting, but Chairman Powell will be holding a press conference Wednesday afternoon following the rate announcement. […] More
New Overnight Developments Abroad - Daily Update
Weak Yen, Better-Than-Expected Tech Earnings, and Bracing for U.S. PCE Data
April 26, 2024
The yen is currently trading near its overnight low of 156.86 per dollar, a trough not experienced since May 1990. The Bank of Japan’s Board meeting failed to raise interest rates further, kept planned monthly JGB purchases at around 6 trillion yen and failed to clarify a possible timetable for additional monetary policy normalization. Adding […] More
