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February 22, 2021
U.S. stock futures this Monday point to a lower open, with the S&P index down 0.8% and the Nasdaq off 1.4%. Share prices closed down 1.5% in China, 1.2% in New Zealand, 1.1% in Hong Kong and 0.9% in South Korea, while in Europe, equities are thus far down 0.5% or more in the U.K., […] More
Tags: Fed Chairman Powell, German business climate survey, Peoples Bank of China
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Focus in Last Week of February to Be on U.S. Economic Policy
February 19, 2021
Share prices advanced 0.7% in South Korea, 0.6% in China, and 0.5% in Indonesia. European markets and U.S. futures are up, too, but equities fell in Japan, Australia, New Zealand, and Singapore. Ten-year sovereign debt yields today climbed 6 basis pints in the U.K., 3 bps in the U.S. and Germany and one basis point […] More
Tags: British retail sales and consumer confidence, Euroland 2020 current account surplus, preliminary February PMI results
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Equities and Bond Yields Up… Dollar and Price of Oil Slip
February 18, 2021
Overnight dollar losses range from 0.7% against sterling to 0.4% relative to the Aussie and New Zealand dollars, 0.3% versus the euro, Swiss franc and peso and 0.2% relative to the yen and loonie. The trade-weighted dollar is 0.3% softer. Ten-year sovereign debt yields are up four basis points in the U.K., lifting the pound […] More
Tags: Australian unemployment, Bank Indonesia, Central Bank of Turkey, U.S. import prices
Posted in New Overnight Developments Abroad - Daily Update, Uncategorized | Comments Off on Stocks and Dollar Falter as Sovereign Debt Yields Resume Their Rise
February 17, 2021
The dollar is 0.3% stronger on an effective trade-weighted basis. It is up 0.4% against the euro and near the day’s high and touched a 5-month high of 106.22 Japanese yen overnight. The reviving dollar reflects climbing long-term U.S. interest rates as investors are betting on the Congress approving a pandemic relief package of around […] More
Tags: Bank of Zambia, British CPI, Canadian CPI, Japanese machinery orders and trade balance, South African CPI, U.S. retail sales and PPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Rebound Extended 0.3%
February 16, 2021
The dollar rose 0.2-0.4% against the euro, yen, Swiss franc, sterling, and Canadian, Australian and New Zealand dollars. Japan’s Nikkei-225 equity index, which jumped 1.9% Monday and closed above 30,000 for the first time since 1990, extended that advance by 1.3% this Tuesday. This rise had been ignited by news of a stronger-than-expected 3.0% fourth-quarter […] More
Tags: Euroland GDP and Jobs Growth, Reserve Bank of Australia
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Strengthened Modestly Overnight
February 15, 2021
It’s President’s Day in the United States, Carnival in Brazil, Family Day in Canada, and the continuing Lunar New Year holiday break in China and several other Asian markets. The dollar is narrowly mixed and down 0.1% on a trade-weighted basis. Ice-cold temperatures in much of the United States have lifted West Texas Intermediate crude […] More
Tags: Euroland industrial production and trade balance, Japanese GDP
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Japanese GDP Reported and Many Holiday Closures
February 12, 2021
The dollar recovered 0.5% against the Mexican peso and New Zealand dollar, 0.3% relative to the Swiss franc and Australian dollar, 0.2% versus the euro, yen, and loonie, and 0.1% against sterling overnight. On a trade-weighted basis, the U.S. currency is up 0.2% and trading in the middle of today’s high-low corridor. Lunar New Year […] More
Tags: Bank of Mexico, Bank of Russia, British GDP, Central Reserve Bank of Peru
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Rose Slightly
February 11, 2021
Many Asian markets were closed today due to holiday observances. China, Taiwan, Singapore, Hong Kong, and South Korea were among the countries observing the lunar New Year, and Japan celebrated National Foundation Day. The lack of Asian market leadership confined the dollar to narrow ranges. Compared to Wednesday closing levels, the dollar is unchanged on […] More
Tags: Bangko Sentral Ng Pilipinas, European Commission Winter 2021 Forecast, German WPI, National Bank of Serbia
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Projected Euroland Growth in 2021 Revised Lower
February 10, 2021
The dollar is unchanged today on a trade-weighted basis and remains near a 2-week low. Equities closed up 1.9% in Hong Kong and 1.4% in China but only +0.2% in Japan. Share prices are pretty flat so far today in the U.K., France, Germany, and U.S. futures trading. Prices for WTI oil and Comex gold […] More
Tags: Swedish Riksbank, Trump trial and Covid, U.S. CPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Price and Industrial Production Data, Fed Chair Powell Speaking, and More of the Trump Trial
February 9, 2021
The dollar lost 0.4% in trade-weighted terms and is also down 0.6% against traditional hard currencies like the euro, yen and Swiss franc. The value of a bitcoin advanced to yet another record high of $48,000. Dollar weakness extends to many commodity-sensitive currencies and to gold, which is 0.6% firmer. Day one of the Trump […] More
Tags: German current account, second Trump impeachment trial, U.S. small business investment
Posted in New Overnight Developments Abroad - Daily Update, Uncategorized | Comments Off on Slightly Softer Dollar Ahead of the Start of Trump Impeachment Trial
