Foreign Exchange Insights and Next Week
Next Week’s Menu: November 16-22, 2024
November 15, 2024
Central Banks: Monetary policies will be reviewed in China, Indonesia, Iceland, Turkey, Hungary and South Africa. Guindos and Schnaebel of the European Central Bank and Collins and Hammack of the Federal Reserve are some of the monetary officials with public speaking engagements in the period. Special Event: Leaders of the Group of Twenty hold their […] More
Central Bank Watch
Mexico’s Third Central Bank Rate Cut Thus Far
November 15, 2024
The Bank of Mexico’s overnight interbank funding rate as expected was cut a third time since August to 10.25%. Like moves then and in September, today’s announced reduction was by a cautious 25 basis points. Mexico remains in Trump’s cross-hairs, and one risk is that U.S. protectionist measures affecting trade could depress the peso. CPI […] More
New Overnight Developments Abroad - Daily Update
Time to Buckle Up
November 15, 2024
Trump supporters and opponents agree on little, but one exception is they both accept that his leadership style creates a bumpy news feed that can prove exhausting. Just over a week since the election, and the president-elect has made several controversial appointments that point to multiple fights against the Fed, China, and scientists for starters. […] More
