Central Reserve Bank of Peru
Several Countries Release Price Data and Industrial Production
October 10, 2025
The dollar slipped overnight by 0.3% against the yen, 0.2% versus the Korean won and New Zealand dollar, and 0.15 relative to the euro, Swiss franc and Mexican peso. Notable stock market movements in Asia this Friday ranged from gains of 1.7% in South Korea and 0.9% in Taiwan to losses of 1.0% in Japan […] More
Expectations Solidify that Fed Will Resume Rate Cutting Next Week
September 12, 2025
The dollar is modestly firmer this Friday. It’s biggest advance overnight, a 0.4% rise against the yen, was encouraged by a joint U.S.-Japanese statement reaffirming a long-established pledge to let economic fundamentals determine exchange rate values but also asserting that sharply volatile currency swings are unwelcome. The dollar also rose 0.2% relative to sterling, the […] More
Important Chinese, Japanese and U.S. Data Out… Next Up: Putin & Trump Talks in Alaska
August 15, 2025
The dollar fell overnight by 0.6% against the euro and peso, 0.5% versus the yen, and 0.3% relative to the Swiss franc and sterling. Ten-year sovereign debt yields climbed eight basis points in France and Italy, seven bps in France and Spain, six bps in Germany but just two bps in Japan and a single […] More
Three Huge Sources of Stress on World Financial Markets
June 13, 2025
Number one and most importantly, Israeli forces conducted a strike on Iranian nuclear and military installations and is promising escalating continuing attacks in the days ahead. Iranian officials are claiming the actions to constitute a declaration of war. Trump urges Iran to make a deal ASAP, while Rubio denies that the United States had any […] More
Another Central Bank Rate Cut in Peru
May 9, 2025
The Central Reserve Bank of Peru‘s Board of Directors cut their interest rate by another 25 basis points to 4.5%, three percentage points below the peak of 7.5% that had prevailed from January 2023 until an initial cut in September of that year. In making its latest easing, a released statement notes that “the interest […] More
Dollar Slumps to Weakest Level Since Russia Invaded Ukraine in Early 2022
April 11, 2025
The weighted DXY dollar index sank 1.3% overnight, including declines of 1.5% against the Swiss franc, 1.7% versus the euro, 1.3% relative to the yen and 1.4% vis-a-vis New Zealand’s dollar. The greenback’s drop is part of a broader flight from perceived U.S. “safe” U.S. assets like Treasury bonds. The 10-year Treasury yield, even in […] More
Multi-Pronged Blow to Stocks and Bonds but Dollar Soars
January 10, 2025
The People’s Bank of China announced a temporary suspension to its purchases of government bonds. The U.S. Labor Dept’s December employment situation report revealed more strength than forecast, notably in non-farm payroll jobs whose jump of 256k was the most in nine months and about 100k greater than the market consensus. Employment expanded by almost […] More
Mid-Friday Briefing
December 13, 2024
Compared to Thursday closing levels, ten-year sovereign debt yields have risen five basis points in the United States, Germany, Spain and U.K., four bps in Italy, and six bps in France. In spite of higher November CPI, PPI and import price inflation, the Federal Reserve is widely expected to cut its interest rate next Wednesday […] More
Central Reserve Bank of Peru Cuts Interest Rate
November 8, 2024
After cutting Peru’s central bank interest rate for an 11th time since September 2023, the BCRP board released a statement that at 5.0% “the real interest rate is approaching the level estimated as neutral. Headline and core consumer price inflation printed at 2.0% and 2.5% last month. Officials are projecting that inflation will remain within […] More
Attention Shifts to Other Countries from the United States
November 8, 2024
The broad Republican Party victory in Tuesday’s U.S. election has been center-stage in global financial markets most of this week. Running on a platform calling for sweeping changes on a wide range of policies, Trump got a slim majority of the popular vote (50.7% to Harris’ 47.7%) and 69 more declared electoral votes so far […] More
