Uncategorized
Russian Central Bank Rate Hike
July 26, 2024
The Central Bank of Russia hiked its interest rate by two percentage points to a new high for the move. The rate had last been increased by 100 basis points in December 2023, culminating 850 bps of tightening in the second half of that year. The new 18.0% rate level is just two percentage points […] More
Foreign Exchange Insights and Next Week
Next Week’s Menu: July 27-August 2, 2024
July 26, 2024
Central Banks: Monetary policies will be reviewed by the Federal Reserve and central banks in Japan, the U.K., the Czech Republic, Georgia, Armenia, Brazil, Colombia, and Chile. The Bank of Japan’s quarterly Outlook for Economic Activity and Prices will be published, and Fed Chairman Powell, Bank of England Governor Bailey, and Bank of Japan Governor […] More
New Overnight Developments Abroad - Daily Update
Awaiting U.S. PCE Price Deflator
July 26, 2024
Recent equity losses were trimmed ahead of the U.S. open in a bout of bottom-fishing. Share prices closed up 0.9% in Indonesia and 0.8% in South Korea and Taiwan. U.S. stock futures and equity futures in Germany, the U.K. and France are up, too. But Taiwan, which had been closed, saw a slump of 3.3%. […] More
