Foreign Exchange Insights and Next Week
Next Week’s Menu: May 9-15, 2026
May 8, 2026
Central Banks: Monetary policy reviews are scheduled in Romania and Peru. Hammack, Goolsbee and Williams have speaking engagements. So do Cipollone of the ECB and Mann of the Bank of England. A summary of the recent Bank of Japan board meeting will be published. U.S. Data Releases: Producer prices, retail sales, import prices, small business […] More
Central Bank Watch
Last Bank of Mexico Interest Rate Cut
May 8, 2026
The Bank of Mexico’s interest rate cut announced later yesterday had been expected but was decided by the narrowest of margins, three ayes to two nos. The bank’s statement of explanation concedes “headline inflation expectations for the end of 2026 rose while those for longer terms remained relatively stable at levels above target. Headline inflation […] More
New Overnight Developments Abroad - Daily Update
U.S. Equities Withstand a Renewed U.S./Iranian Clash and Now Await April Jobs Report
May 8, 2026
In the Bizzaro landscape that has surrounded the Hormuz Strait impasse, the biggest clash between the U.S. and Iran in the current cease-fire followed shortly after hopeful words from President Trump that a deal to reopen that critical water passage may be reached soon. The U.S. attack on Iranian drone facilities clearly deals a blow […] More
