Foreign Exchange Insights and Next Week
Next Week’s Menu: September 27 – October 3, 2025
September 26, 2025
Central Banks: In addition to planned monetary policy reviews in Australia, India, Iceland, Egypt, Colombia and Jamaica, the Bank of Japan will publish the results of its quarterly Tankan survey of corporate conditions and expectations as well as a summary of its recent Board meeting. Monetary officials speaking publicly in the coming period will include […] More
Central Bank Watch
Mexican Central Bank Interest Rate Cut
September 26, 2025
As was expected, the Bank of Mexico late yesterday cut the overnight interbank rate by another 25 basis points to 7.5%. That brought its cumulative drop during 2025 to 250 basis points on top of 125 basis points of easing in 2024. The peak rate from March 2023 to March 2024 had been 11.0%. Mexican […] More
New Overnight Developments Abroad - Daily Update
Tariff News Back in the Spotlight Along with A Looming U.S. Federal Government Shutdown
September 26, 2025
President Trump has unveiled several fresh tariff hikes, including a levies of 100% on imported pharmaceuticals, 25-50% on bathroom vanities and kitchen cabinets, and 25% on long trucks. China and other Asian economies are seen as particularly vulnerable. The EU is raising its tariff on Chinese steel. Oddsmakers foresee a big likelihood of a U.S. […] More
New Overnight Developments Abroad - Daily Update
While Awaiting Several U.S. Data Releases, Investors Hear Range of Fed Official Comments
September 25, 2025
Thursday’s menu of U.S. data reports includes revised GDP and PCE price deflator, existing home sales, durable goods orders, an early bird estimate of the U.S. merchandise trade deficit, the Kansas City Fed manufacturing survey, and weekly jobless insurance claims. The wide range of views depicted in the FOMC dot-plot diagram of favored interest rates […] More
New Overnight Developments Abroad - Daily Update
German Economic Setback, U.N. Speeches, and Parsing U.S. Monetary Policy
September 24, 2025
The dollar got an across-the-board lift from a disappointing German business climate survey result in September. That monthly report from the IFO Institute in Munich yielded an unexpected 4-month low reading of 87.7 after August’s 15-month high and in contrast to analyst expectations of a third straight rise. Commenting on the survey results, IFO President […] More
Central Bank Watch
Swedish Riksbank’s Eighth Interest Rate Cut Since May 2024 but the Last One for Some Time to Come
September 23, 2025
In Sweden where core CPI inflation of 3.2% exceeds the 2% target by the most in 19 months, the Riksbank Executive Board surprised analysts with a 25-basis point interest rate cut to 1.75% today. In justifying their decision, officials opined that “new information has given further reassurance regarding the assessment that the high inflation is […] More
New Overnight Developments Abroad - Daily Update
First Batch of September PMI Surveys, Fed Official Comments and the OECD Interim Global Economic Outlook
September 23, 2025
There was scant dollar movement overnight of 0.1% or less, and U.S. stock futures are also marking time ahead of a speech by Fed Chairman Powell. Share prices in the Pacific Rim closed up 1.0% in Japan, 1.4% in Taiwan and 1.1% in Indonesia but down by 0.7% in Hong Kong and 0.2% in China. […] More
New Overnight Developments Abroad - Daily Update
New Week Kicks Off with Record High Gold Price But More than a 2% Drop in Bitcoin
September 22, 2025
(173) The fourth week of September got off to a slow week from a data release standpoint. Investor attention is particularly focused on the policy stances of major central banks, which seem to be leaning in divergent directions. The Federal Reserve’s latest dot-plot diagram points to 25-basis point interest rate cuts at the remaining two […] More
Foreign Exchange Insights and Next Week
Next Week’s Menu: September 20 – 26, 2025
September 19, 2025
Central Banks: Interest rate reviews are scheduled in China, Switzerland, Sweden, Mexico, Hungary and the Czech Republic. Minutes will be published from the Bank of Japan Board meeting. Many officials from the Federal Reserve (Powell, Williams, Bowman, Daly, Musalem, Barkin, Barr, Bostic and Goolsbee) and the European Central Bank ( Lagarde, Lane, Nagel, Cipollone, and […] More
New Overnight Developments Abroad - Daily Update
Dollar, Which Had Begun This Week with Monday Losses, Finishes Up on a Rising Note
September 19, 2025
In the short term at least, the dollar survived a cut of the federal funds rate target and further efforts by the Trump administration to influence monetary policy. Compared to Thursday closing levels, the dollar has strengthened 0.6% versus the Korean won, 0.5% against the Swiss franc and sterling, 0.4% relative to the euro and […] More
