Record setting prices for cryptocurrencies, like Bitcoin, Ethereum and Litecoin, have caught the attention of the South African Central Bank who looked to issue their own digital currency. But where does cryptocurrency fit in with monetary policy?
This is a busy week both on the Central Bank and parliamentary election front. Among the G7, the Bank of Japan and the Fed hold policy meetings this week, as does Norway’s Norges Bank. For some of these meetings, expectations are uncertain.
The US dollar managed to end the week on a positive note despite North Korea’s missile launch, low retail sales, and flat US inflation data. In your week ahead we cover probabilities of a US rate hike, inflation in Japan, and tax reform.
With Hurricane Irma’s landfall in Florida, markets fret that extensive evacuations and damage across Florida and neighboring states may see product demand sink cause an inventory bottleneck as we saw with Hurricane Harvey.