Foreign Exchange Insights and Next Week
Next Week’s Menu: November 2-8, 2024
November 1, 2024
Central Banks: Monetary policies to be reviewed at the Fed and by central banks in Brazil, the U.K., Poland, Sweden, Norway, Romania, the Czech Republic, and Malaysia. Fed Chairman Powell and BOE Governor Bailey hold press conference, and the ECB publishes minutes of its last meeting. Holidays and Special Events: The U.S. election is on […] More
Deeper Analysis
October 2024 in Figures
November 1, 2024
The dollar made broad gains against other currencies during October. Equity markets experienced mixed results during the period. Long-term interest rate rises varied in size, and the European Central Bank, which lowered its deposit rate by 25 basis points, was the only monetary authority featured in the table below to change its policy rate in […] More
Central Bank Watch
Rate Cuts in the Dominican Republic and Colombia
November 1, 2024
Central bank interest rates have been cut 50 basis points in Colombia and 25 bps in the Dominican Republic to 9.75% and 6.25%, respectively. Colombia’s rate has now fallen by 325 basis points in 2024 and by 350 bps from the peak of 13.25% sustained from April 2023 through mid-December. Colombia’s central bank interest rate […] More
New Overnight Developments Abroad - Daily Update
Dollar Up Slightly Ahead of U.S. Jobs Data and Tuesday’s Election
November 1, 2024
U.S. opinion polls continue to reflect a tight presidential race but investors believe Trump will be the winner. The consensus of economic analysts ahead of the Labor Dept employment situation October report, due shortly, is that the U.S. likely gained around 120k new jobs, with unemployment holding at 4.1% and wage growth hovering around 4.0%. […] More
