Foreign Exchange Insights and Next Week
Next Week’s Menu: June 1-7, 2024
May 31, 2024
Central Banks: Interest rates will be reviewed next in Canada, Poland, India, Russia and, most of all, at the European Central Bank, where a 25-basis point reduction is widely expected. ECB President Lagarde will preside over a press conference afterward. Special Events and Holidays: Elections are scheduled in Mexico on Sunday. India’s election results will […] More
Larry's Blog
The Second Coming Perhaps, But of What? — That Is the Question
May 31, 2024
The driving motives of a polarizing political leader have been summarized as follows: Three traits were basic to his character. These were his belief in violence, his desire for revenge against his enemies, and his sense of insecurity. Most of his ideas grew directly from his own personal difficulties in getting along with society. Even […] More
Central Bank Watch
Rate Cut at National Bank of Kazakhstan
May 31, 2024
The National Bank of Kazakhstan‘s policy interest rate was cut today by 25 basis points to 14.5%, its lowest level in 20 months. The rate previously had been sliced by 100 basis points in the first quarter of this year and 100 bps last year. The peak of 15.75% from October 2022 until August 2023 […] More
New Overnight Developments Abroad - Daily Update
Big Data Release Day Including Inflation Measures for the U.S., Euroland and Tokyo
May 31, 2024
Just minutes before the release of the U.S. personal consumption expenditures price deflator, the dollar showed overnight losses of 0.3% against the Canadian and Aussie currencies and 0.2% versus the euro and peso but had also risen 0.2% against the yen and 0.1% versus the Swiss franc and sterling. Ten-year German, French, Italian and Spanish […] More
