Deeper Analysis
August in Figures
August 31, 2018
Many stock markets performed well in August as such had in July. Exceptions were those in the U.K., Switzerland, and Canada. The yen and Swiss franc rose against the dollar, which otherwise advanced against the other currencies examined in this monthly feature. The dollar also strengthened 33% against the Turkish lira during August. The Bank […] More
Foreign Exchange Insights and Next Week
Next Week
August 31, 2018
Holidays: U.S. and Canadian Labor Day on Monday. Brazilian Independence Day on Friday. Central Banks: Monetary policy reviews in Canada, Serbia, Australia, Ukraine, Poland, Malaysia, Sweden, and Chile. Fed officials speaking publicly next week to include Evans, Williams, Kashkari, Rosengren, Mester and Kaplan. Governor Lowe of the Reserve Bank of Australia, Deputy Governor Wilkins of […] More
New Overnight Developments Abroad - Daily Update
Trump Vies with Deluge of Data for Market’s Attention
August 31, 2018
A considerable amount of data gets reported around the end of every month, especially on the final business day. But this time, there’s an equal flood of outrageously provocative quotes from the U.S. president to stir up market activity. Data first: Japan had disappointing industrial production news. Output fell 0.1% in July after a 1.8% […] More
New Overnight Developments Abroad - Daily Update
Lots of Data but Not Much Market Movement as Monthend Approaches
August 30, 2018
The dollar’s down 0.3% against the yen but up 0.2% relative to the loonie, euro, Aussie dollar and Chinese yuan. Ten-year sovereign debt yields have slid back 3 basis points in Germany, 2 bps in the U.S. and 1 basis point in Great Britain, but the 10-year Japanese JGB firmed a basis point. Gold and […] More
New Overnight Developments Abroad - Daily Update
Some weak European and Japanese Data
August 29, 2018
French GDP growth slowed to a 0.2% per quarter rate in the first half of 2018 from 0.7% per quarter in the second half of 2017. In the second quarter alone, personal consumption contracted for the first time since the summer of 2016. Imports advanced five times faster than exports, and net foreign demand exerted […] More
New Overnight Developments Abroad - Daily Update
Trump Again Monopolizing the News Cycle
August 28, 2018
Today’s news centers on President Trump. Accuses Google of rigged search results. Offers belated thanks for John McCain’s service to the country. Completes a bilateral trade deal with Mexico. But dampens expectations on likelihood of a deal with China. The dollar is unchanged against the yen, Mexican peso, and sterling. The dollar has slipped 0.3% […] More
New Overnight Developments Abroad - Daily Update
Dollar Up against Turkish Lira but Down Versus Mexican Peso
August 27, 2018
There’s been little net movement of the dollar against the euro (+0.1) or yen (-0.1%), loonie (+0.1%), or Aussie and New Zealand dollars (0.2). Sterling and the Swiss franc are each unchanged from closing levels before the weekend. Gold and oil are 0.3% and 0.4% softer. The 10-year German bund yield edged up a basis […] More
Foreign Exchange Insights and Next Week
Next Week
August 24, 2018
Central Banks: Monetary policy reviews in Iceland, Israel and South Korea. The annual central banking symposium in Jackson Hole, WY winds up on August 25th. Bank of Governor Poloz and Bank of Japan Board member Susuki speak publicly. British Holiday: Late summer bank holiday on August 27. Scheduled U.S. Economic Data Releases: GDP, personal income […] More
New Overnight Developments Abroad - Daily Update
Dollar Down, Stocks Mixed Ahead of Powell’s Speech at Jackson Hole
August 24, 2018
The dollar posted overnight declines of 0.7% against the Aussie currency, 0.5% relative to the Chines yuan, 0.4% against the kiwi, 0.3% vis-a-vis the euro and sterling, 0.2% versus the Mexican peso and Swiss franc and 0.1% relative to the loonie. Share prices in the Pacific Rim rose 0.9% in Japan, 0.5% in South Korea, […] More
New Overnight Developments Abroad - Daily Update
Investors Sifting Through Diverse Array of Market Movers
August 23, 2018
The dollar rose 0.8% against the Aussie dollar, 0.3% relative to the Mexican peso and kiwi, 0.2% versus the yen, and 0.1% against the euro and sterling. The dollar slipped 0.3% against the Chinese yuan, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the loonie. Stock markets in European and Asia have also produced […] More
