New Overnight Developments Abroad - Daily Update
January 18, 2021
Financial markets this Monday will lack U.S. leadership due to the observance of MLK Day. In the wake of aroused racial strains that culminated in the 1/6 domestic terrorism attack on the nation’s capitol, there is extra poignancy to this year’s observance and uneasiness that more violence may mar this day. The National Bank of […] More
Tags: Chinese GDP, Chinese retail sales and industrial production, Covid, Japanese industrial production
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New Overnight Developments Abroad - Daily Update
January 15, 2021
U.S. stock futures point to a decline of at least 0.5% at the open. Stock markets closed Friday with losses of 2.0% in South Korea, 1.1% in India, 0.9% in Indonesia, 0.8% in New Zealand, 0.6% in Taiwan and Japan. Equities are currently down about 1% in the U.K., Germany, France and Spain. The 10-year […] More
Tags: British monthly GDP and industrial production, Central Reserve Bank of Peru, Euroland trade surplus, U.S. PPI, U.S. retail sales and industrial production
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New Overnight Developments Abroad - Daily Update
January 14, 2021
President Trump has been impeached by the House of Representatives for the second time in 13 months. The Senate trial will commence soon after he leaves office. New Covid cases and deaths remain highly elevated in many countries. The British daily death toll set a record yesterday. Bank of Japan Governor Kuroda said monetary stimulus […] More
Tags: Central Bank of Serbia, China trade surplus, Fed Beige Bood, German GDP, Japanese machinery orders, U.S. jobless insurance claims
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New Overnight Developments Abroad - Daily Update
January 13, 2021
The United States experienced a new record high daily death count yesterday from Covid that exceeded 4.4k and was accompanied by almost 230k new reported cases of the illness. A drop of 10 years in the government’s recommended minimum age for getting a vaccine now and other sudden shifts in guidelines for administering the shot […] More
Tags: Euroland industrial production, Trump impeachment, U.S. CPI
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New Overnight Developments Abroad - Daily Update
January 12, 2021
The dollar ticked up 0.1% against the yen overnight and held steady on balance versus the euro, but has slipped moderately against other key currencies such as sterling (0.5%), the Mexican peso (0.7%), the Canadian and Australian dollars (0.3%), the Chinese yuan (also 0.3%), the kiwi (0.2%) and the Swiss franc (0.1%). U.S. equity futures […] More
Tags: Chinese money and credit growth, impeachment
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New Overnight Developments Abroad - Daily Update
January 11, 2021
The dollar climbed overnight by 1.1% against the Mexican peso, 0.7% relative to the Swiss franc, sterling, and Canadian, Australian and New Zealand dollars, 0.5% versus the euro, and 0.3% vis-a-vis the yen (to a 5-week high above 104.0). The trade-weighted dollar move was +0.5%. U.S. equities have fallen 0.6-0.8% in futures trading. Share prices […] More
Tags: Australian retail sales, Chinese CPI and PPI
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Foreign Exchange Insights and Next Week
January 8, 2021
Central Banks: Monetary policies will be reviewed in South Korea, Poland, Peru, and Serbia. Tenreyro, Bailey, and Broadbent of the Bank of England will be speaking publicly. The Fed Beige Book of regional economic conditions will be published. Holiday: Japanese Coming of Age holiday on Monday. Scheduled U.S. Economic Data Releases: Consumer prices, producer prices, […] More
Tags: Economic Data Calendar
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New Overnight Developments Abroad - Daily Update
January 8, 2021
The biggest overnight dollar changes against a major currency are 0.3% dips relative to sterling and the Mexican peso, but the U.S. currency also firmed against the loonie and euro. U.S. equity futures rallied further overnight. In the Pacific Rim, stocks rose 4.0% in South Korea, 2.4% in Japan, 3.0% in Singapore, 1.4% in India […] More
Tags: Euroland unemployment, German and French current account, U.S. jobless rate and nonfarm payroll employment
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Foreign Exchange Insights and Next Week
January 7, 2021
The dollar depreciated much of the time last year, dropping from end-2019 to end-2020 by 9.0% against the Australian dollar, 8.2% versus the euro, 6.2% relative to the Chinese yuan and 5.0% against the Japanese yen. Those losses mask a well-bid first quarter that saw the U.S. currency attain its best trade-weighted value for the […] More
Tags: dollar outlook
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New Overnight Developments Abroad - Daily Update
January 7, 2021
The U.S. Congress shortly before 04:00 today confirmed that the ticket of Biden/Harris won the 2020 election and will take office at noon on January 20th. This ordinarily ceremonial act of power transition was anything but ordinary this time after a mob stormed the Capitol building yesterday to prevent the process. Taking his cue from […] More
Tags: Euroland CPI, Euroland economic sentiment, German factory orders, mob storms U.S. Capitol
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