Foreign Exchange Insights and Next Week
Next Week’s Menu: December 21-28, 2024
December 20, 2024
Central Banks: Interest rate policy reviews are scheduled in Turkey and Egypt, and minutes from previous central bank policy meetings in Australia, Japan and Canada will be published. Holidays and Special Events: The distraction of end-of-year holidays to business and financial market activity is arguably maximized when Christmas and New Years Day fall upon a […] More
Central Bank Watch
Mexican Central Bank Rate Cut
December 20, 2024
The Bank of Mexico’s policy interest rate has been reduced by another 25 basis points to 10.0%. This was the fourth such cut since August and the fifth one since March. The rate had been at a peak of 11.25% for a year prior to that initial easing. The latest cut was made in reaction […] More
New Overnight Developments Abroad - Daily Update
A Few More Central Bank Decisions, A Lot More Price Data, and A Possible U.S. Government Shutdown Is Looking More Likely
December 20, 2024
The U.S. dollar fell overnight by 0.4% against the Japanese yen, Swiss franc, and British pound. Smaller dips of 0.2% and 0.1% happened versus the euro and Canadian dollar, while bigger slides occurred against the Mexican peso of 0.8% and Brazilian Real of 2.2%. The Bank of Mexico’s policy interest rate has been reduced by another […] More
