Foreign Exchange Insights and Next Week

Next Week’s Menu: July 24 -30, 2021

July 23, 2021

Central Banks: There is a two-day FOMC meeting with Powell’s press conference to follow Wednesday. Policy meetings are also scheduled in Colombia and Hungary, and the Bank of Japan will publish a summary of its most recent policy review. U.S. Statistical Releases Next Week: Quarterly GDP and employment cost index. Monthly personal income, spending & […] More

Next Week’s Menu: July 17 – 23, 2021

July 16, 2021

Central Banks: Monetary policies will be reviewed by the European Central Bank and central banks in Indonesia, Russia, South Africa, China, and Ukraine. Prior meeting minutes will be published by the Reserve Bank of Australia and Bank of Japan. Bank of England MPC member Haskel will be speaking publicly. Event and Holidays: EU finance ministers […] More

Dollar Now and Where It Might Be Heading

July 15, 2021

By historical standards, the dollar’s trading ranges over the last twelve months have been atypically confined. Similar 52-week high-low spreads against the euro, yen, and Swiss franc respectively have been 8.5%, 8.8%, and 8.2%. Not surprisingly given those widths, the dollar has moved within an 8.1% band against the DXY weighted index. Presently the dollar […] More

Next Week’s Menu: July 10 – 16, 2021

July 9, 2021

Central Banks: Monetary policies will be reviewed in Japan, South Korea, Canada, Turkey, Chile, New Zealand and the Philippines. Fed Vice-Chair Quarles, ECB President Lagarde, BOJ Governor Kuroda, and Bank of Canada Governor Macklem are some of the central bank officials scheduled to speak publicly during the period. The Fed Beige Book of U.S. regional […] More

Next Week’s Menu: July 3 – 9, 2021

July 2, 2021

Central Banks: Monetary policies will be reviewed in Australia, Malaysia, Romania, Israel, Peru, Poland, and Sri Lanka. Minutes of the last Governing Council meeting of the European Central Bank will be published. Holiday: U.S. markets are closed Monday in observance of Independence Day. Sundry Purchasing Manager Surveys: Manufacturing, private sector, or non-oil PMIs to be […] More

Next Week’s Menu: June 26 – July 2, 2021

June 24, 2021

Central Banks: Central banks in Colombia and Sweden will review their monetary policies. The Bank of Japan publishes the quarterly corporate Tankan survey and a summary of its last Board meeting. Governor Kuroda of the BOJ and Lowe of the Reserve Bank of Australia will speak publicly. Events and Holidays: The second round of regional […] More

Next Week’s Menu: June 19 – 25, 2021

June 18, 2021

Central Banks: Monetary policies will be reviewed in the U.K., Hungary, the Czech Republic, China, Mexico, Thailand and the Philippines. Fed Chairman Powell and Bank of Japan Governor Kuroda will speak publicly. Bank of JapanĀ  publishes Board meeting minutes. Special Events: Summer solstice finds the Western United States in the grip of a heat wave […] More

Next Week’s Menu: June 5 – 11, 2021

June 5, 2021

Central Banks: Monetary policy meetings are scheduled for the coming week at the European Central Bank and in Russia, Serbia, Peru, Poland and Canada. ECB President Lagarde, Bank of Canada Governor Macklem, Bank of England MPC member Haldane, and Reserve Bank of Australia Assistant Governor Kent are a few of the central bankers who will […] More

The Dollar this Summer: Questions and Some Things to Know

June 2, 2021

Movements in the dollar between the U.S. Memorial Day and Labor Day holidays, which define the “summer” trading season, sometimes play differently than at other times of the year. As market participants take vacations, trading desks may lighten, lending an erratic element to the market’s pulse at times, particularly in the face of unexpected events.. […] More

Next Week’s Menu: May 29 – June 4, 2021

May 28, 2021

Central Banks: Monetary policy reviews are scheduled next week in India, Australia, and Israel. Holidays: On Monday, Americans will be observing Memorial Day, and British markets will be shut for the late spring bank holiday. Pancasila Day falls on Tuesday in Indonesia, and Republic Day in Italy falls on Wednesday. Austria and Brazil are some […] More

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