Central Bank of Uruguay
South Korean Won Jumps 2.2% and Gold Above $4500 Threshold But Otherwise Pretty Quiet
December 24, 2025
Few markets stirred on this day before Christmas. Many financial markets observed closures, including those in Germany, Italy, Switzerland, Hong Kong, New Zealand, Singapore and the Philippines. But there have been some exceptions. The Korean won, for instance, spiked past 1450 on pension fund support, and the Thai Baht and Malaysian Ringgitt climbed to their […] More
Central Bank Rate Cuts in New Zealand, Indonesia and Uruguay
August 20, 2025
Officials at Bank Indonesia sprung a surprise on market participants at today’s scheduled monetary policy review. No interest rate change had been predicted in light of a higher 2.5% inflation rate last month, but instead the policy rate got cut 25 basis points further to 5.0%. The decision, according to a released statement, “is consistent […] More
Risk Aversion Returns
May 18, 2022
It’s not surprising that the investor move back into riskier assets over the prior three sessions proved to be short-lived because the reasons behind this year slide in equities and rise of the dollar hadn’t disappeared. The three main U.S. stock market indices are down 0.5-1.0% in futures trading. Smaller dips have occurred in Europe. […] More
