Banxico intervenes for second consecutive session to bolster exchange rate from record lows
Jan 06, 2017 16:05 pm UTC| Commentary Central Banks Economy
The Mexican peso tumbled to the lowest level since its re-denomination in 1993 amid concern over U.S. trade policy. MXN had eased notably against USD, but the currency climbed as much as 1.5 percent after Banxico confirmed...
Banxico quivers before Trump tweets
Jan 06, 2017 08:05 am UTC| Commentary Central Banks
2016 was a pretty volatile year for the Mexican peso. In 2016, the currency depreciated by more than 15 percent and the decline against the dollar accelerated after Donald Trump got elected as the next President of the...
Jan 06, 2017 06:54 am UTC| Commentary Central Banks
The Bank of Mexico intervened directly in the FX markets yesterday in order to strengthen the Mexican peso. The weakening in the start of New Year seemed too much for the central bank. As the inauguration of President...
German economists call for ECB rate rise after upbeat Eurozone CPI data
Jan 05, 2017 14:54 pm UTC| Commentary Economy
German economists called on the European Central Bank (ECB)on Thursday to raise interest rates after euro zone consumer prices grew faster than expected in December. - It is time for a normalization, Stefan Bielmeier,...
Fed minutes confirm upside risks to inflation from Trump's fiscal boost
Jan 05, 2017 11:59 am UTC| Central Banks Economy Commentary
FOMC minutes from the December meeting suggested that the Fed policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration. Nevertheless, members expressed concerns...
China Foreign Exchange Reserves Likely To Drop For 6th Straight Month
Jan 05, 2017 08:30 am UTC| Commentary Economy
Peoples Bank of China (PBoC) will release Decembers forex reserves data on Saturday. The stockpile is expected to drop for the sixth consecutive month, testing the USD3 trillion level from Novembers USD3.05...
Bundesbank likely to become more critical of ECB after regional inflation reading
Jan 03, 2017 10:36 am UTC| Commentary Economy
German Bundesbank Jens Weidman, who has already called for the policymakers at the European Central Bank (ECB) to be brave and be not afraid to hike rates when thesituation demands so, likely to step up his criticism of...
Electricity from farm waste: how biogas could help Malawians with no power
What the Supreme Court is doing right in considering Trump’s immunity case
US student Gaza protests: five things that have been missed
Will Solomon Islands’ new leader stay close to China?
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects