While there are those who long for those thrilling days of yesteryear when central bankers said little and communicated even less, I don’t think we can turn back the clock – nor should we.
In this regard, the news media and the public are usually focused on a specific traded exchange rate between currencies, such as the Swiss franc to the euro or the yen to the U.S. dollar. These rates are important, but there are additional indicators for exchange rates.