Foreign Exchange Insights and Next Week
A Lack of Dollar Volatility in 2023 So Far
November 28, 2023
With only a month left in 2023, this year ranks comparatively low in net dollar movement against other highly traded currencies. The range against the euro from a high of $1.0506 in October from a low $1.1243 in July constitutes a trading range spread of just 7.0%, and the current rate of $1.0993 is a […] More
Next Week’s Menu: November 18 – 24, 2023
November 17, 2023
Central Banks: Minutes from recent policy review meetings will be published by the Fed, Reserve Bank of Australia and European Central Bank. Monetary policy reviews are scheduled in Sweden, Iceland, Sri Lanka, Turkey, South Africa, Indonesia and at the People’s Bank of China. Central bank officials with public speaking engagements include Reserve Bank of Australia […] More
Next Week’s Menu: November 10-17, 2023
November 11, 2023
Central Bank News: Filipino monetary policy will be reviewed. Special Focus: U.S. and Chinese Presidents Biden and Xi to hold talks Wednesday on the sideline of the APEC Conference in San Francisco. Temporary debt ceiling deadline on November 17 to avoid federal shutdown. Scheduled U.S. Data Releases: Consumer prices, producer prices, import prices, retail sales, […] More
Next Week’s Menu: November 4-10, 2023
November 3, 2023
Central Banks: Monetary policies to be reviewed in Australia, Poland, Moldova, Mexico, Peru and Serbia. The Bank of Japan publishes a summary of its October board meeting and minutes from its September meeting. Bank of England Governor Bailey delivers a speech. Events: Clocks in North America are put an hour backward this weekend, ending daylight […] More
A Day to Remember
November 1, 2023
Today is the 45th anniversary of one of the dollar’s most influential days since the major western industrialized countries switched in March 1973 from a foreign exchange environment characterized by fixed dollar rates to one featuring flexible dollar exchange rates determined largely by market forces. The dollar had faced selling pressure since mid 1977 that […] More
Next Week’s Menu: October 28-November 3, 2023
October 27, 2023
Central Banks: Monetary policies will be reviewed at the Federal Reserve, Bank of Japan, Bank of England as well as at the central banks in Malaysia, Brazil, Egypt, Norway, Armenia, and Kyrgyzstan. Post-decision press conferences will be conducted by Fed Chairman Powell, Bank of England Governor Bailey, and Bank of Japan Governor Ueda. The Bank […] More
Next Week’s Menu: October 21-27, 2023
October 20, 2023
Central Banks: Monetary policies will be reviewed at central banks in Canada, Russia, Georgia, Turkey and at the European Central Bank. Bank of Canada Governor Macklem and ECB President Lagarde hold post-meeting press conferences, and Reserve Bank of Australia Governor Bullock, Fed Chairman Powell, and FED Governor Barr give speeches. Events: Argentine elections are scheduled […] More
Next Week’s Menu: October 14-20, 2023
October 13, 2023
Central Banks: Monetary policies will be reviewed in South Korea, Indonesia, and China. The Fed Beige Book of regional economic conditions will be published Wednesday. Special Events: Parliamentary elections in New Zealand on Saturday and Poland on Sunday and a meeting of EU finance ministers on Tuesday. Continuing efforts by Republicans to agree on the […] More
Next Week’s Menu: October 7-13, 2023
October 6, 2023
Central Banks: Minutes from the last FOMC and European Central Bank Governing Council meetings will be published. Holidays and Special Events: There are holiday closures Monday in Japan for Health-Sports day, the U.S. for Columbus Day and Canada for Thanksgiving. Spaniards observe their National Day on Thursday. IMF/World Bank meetings in Morocco run all week […] More
Next Week’s Menu: September 30 – October 6, 2023
September 29, 2023
Central Banks: Interest rate policies will be reviewed in Australia, New Zealand, India, Iceland, Romania and Poland. The Bank of Japan publishes results of its quarterly survey of corporate conditions and expectations. Holidays and Events: Chinese markets will be shut all week in observance of the 74th anniversary of the Communist revolution. One more year […] More
