Foreign Exchange Insights and Next Week
Next Week’s Menu: April 12-18, 2025
April 11, 2025
Central Banks: Monetary policy stances will be reviewed in Canada, South Korea, Ukraine, Turkey and at the European Central Bank. Reserve Bank of Australia Board minutes and the Bank of Canada quarterly Monetary Policy Report will be published. ECB President Lagarde and Bank of Canada Macklem hold press conferences. Bostic, Hammack and Daly are some […] More
New Overnight Developments Abroad - Daily Update
Dollar Slumps to Weakest Level Since Russia Invaded Ukraine in Early 2022
April 11, 2025
The weighted DXY dollar index sank 1.3% overnight, including declines of 1.5% against the Swiss franc, 1.7% versus the euro, 1.3% relative to the yen and 1.4% vis-a-vis New Zealand’s dollar. The greenback’s drop is part of a broader flight from perceived U.S. “safe” U.S. assets like Treasury bonds. The 10-year Treasury yield, even in […] More
