Foreign Exchange Insights and Next Week
Next Week’s Menu: June 15-21, 2024
June 14, 2024
Central Banks: Monetary policy reviews are scheduled in China, Australia, Great Britain, Switzerland, Norway, Moldova, Indonesia, Brazil and Georgia. Central Bank policy minutes will be published in Japan and Canada. Goolsbee, Harker, Barkin and Kuglar of the Fed and Nagel and Schnabel of the European Central Bank will be speaking publicly. Holidays and Special Events: […] More
Central Bank Watch
Bank of Japan Takes a Step Closer to Reducing Quantitative Stimulus
June 14, 2024
While not raising its short-term interest rate additionally, the Board agreed by an 8-1 margin to begin lessening monthly asset purchases beginning after its next meeting in July and to give market forces a greater influence in determining Japanese long-term interest rate movements. The short-term interest rate of -0.1% since January 2016 had been increased […] More
New Overnight Developments Abroad - Daily Update
Far-Right Political Ascendance Around World Freaking Out Financial Markets
June 14, 2024
The relationship between investors and left-right political balance is complicated. On the one hand, the very, very rich enjoy the tax policies favored by far-right politicians. At the same time, all market participants acting in concert are clearly unsettled by the swing of voters toward extreme-right politics. The biggest political event of 2024 will be […] More
