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Next Week’s Menu: January 4-10, 2025
January 3, 2025
Central Banks: Monetary policies will be reviewed in Israel and Serbia. Minutes from the FOMC meeting in December get published, and Kansas City Fed President Schmid and Philadelphia President Harker have speaking engagements. Deputy Governor Breeden and European Central Bank Executive Board member Lane speak publicly as well. Holidays: Epiphany Day is observed Monday in […] More
New Overnight Developments Abroad - Daily Update
Difficult Session for Chinese Stock Market and Currency
January 3, 2025
The dollar in offshore trading advanced to somewhat above 7.35 yuan, depressing China’s currency to an 18-year low, and the Shanghai Composite equity index tumbled 1.6% after officials let China’s 10-year interest rate slide below previous support levels. Against other currencies, the dollar is lower than Thursday closing levels by 0.4% against the euro and […] More
