Foreign Exchange Insights and Next Week
Next Week’s Menu: February 8-14, 2025
February 7, 2025
Central Banks: Fed Chairman presents his semi-annual congressional testimony before the Senate Banking Committee on Tuesday and House Financial Services Committee on Wednesday. Atlanta Fed President Bostic and Bank of England Governor Bailey also have speaking engagements in the period. Central Bank monetary policy reviews are scheduled in Russia, Romania, Serbia, Peru and the Philippines. […] More
Central Bank Watch
First Indian Interest Rate Cut of the Cycle
February 7, 2025
The Reserve Bank of India‘s Monetary Policy Committee enacted its first repo rate change since February 2023, a 25-basis point cut to 6.25%. Inflation has declined. Supported by a favorable outlook on food and continuing transmission of past monetary policy actions, it is expected to further moderate in 2025-26, gradually aligning with the target. The […] More
New Overnight Developments Abroad - Daily Update
Awaiting U.S. Labor Market Figures for January
February 7, 2025
The dollar is standing firm ahead of this morning’s release by the Labor Dept of last month’s jobless rate, growth in employment, and wage inflation. The greenback rose overnight by 0.3% against the yen and Swissy, 0.2% versus the euro and loonie, and 0.1% relative to the Australian and New Zealand currencies. Sterling is unchanged. […] More
