* This article was originally published here
Thursday, August 20, 2020
Sharp Equity Declines but Mixed Dollar
The U.S. equity market correction triggered by downbeat FOMC minutes released yesterday afternoon set the tone for overnight losses in European and Asian markets where bourses tumbled 3.7% in South Korea and 3.3% in Taiwan and by at least 1.0% in China, Hong Kong, Japan, Singapore, India, Germany, France, Italy, U.K., and Spain. Indonesia’s market did […]
* This article was originally published here
* This article was originally published here
Wednesday, August 19, 2020
Central Bank Rate Reductions in Namibia and Zambia
The Bank of Namibia’s repo rate was reduced by 25 basis points to a record low of 3.75%. This was the fifth cut since February, bringing the total drop since then to 275 basis points. The latest change matches the size of last month’s reduction at the South African Reserve Bank and will help maintain […]
* This article was originally published here
* This article was originally published here
Dollar’s Value Erodes Gradually Further
Overnight the dollar lost another 0.5% against sterling and the kiwi, 0.3% relative to the Australian dollar, 0.2% relative to the peso and yuan, and 0.1% vis-a-vis the yen and loonie. But EUR/USD held steady, and the Swiss franc lost 0.3%. Ten-year sovereign debt yields have settled back three basis points in the U.K., two […]
* This article was originally published here
* This article was originally published here
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