Month: October 2020

Forex news for North American trade on October 16, 2020: Markets: Gold down $9 to $1899 US 10-year yields up 1.3 bps to 0.745% S&P 500 flat at 3483 WTI crude oil down 18-cents to $40.78 CAD leads, AUD lags There were some big headlines on Brexit and US retail sales today but the market
ECB governing council member, Olli Rehn, remarks in a Reuters interview The new economic realities guiding the Fed also applies to Europe From an economic and social welfare view, it makes sense to accept a certain period of inflation overshooting while taking into account history of undershooting It is worth exploring the merits of average
BOE Andrew Bailey on the wires BOE’s Bailey is speaking on a virtual webinar and says: We think risks are all on the downside.   On negative rates don’t know precisely how quickly they could be implemented answer depends on responses from banks to BOE consultation we are not thinking about them in terms of the policy