Australian labor costs

Japanese GDP Growth in 4Q Beat Expectations. Ezone Inflation Negative. Awaiting FOMC Minutes

May 18, 2016

The dollar strengthened overnight by 0.7% against the Australian dollar, 0.5% relative to the kiwi and loonie, 0.4% vis-a-vis the euro, 0.3% against the yen 0.2% versus the yuan and 0.1% relative to sterling. Gold lost 0.3% to $1,273.30 per ounce, and copper fell even more sharply.  West Texas Intermediate crude oil firmed 0.3% to […] More

Markets in Helter Skelter Mode as Trump Wins Big and Oil Drops 3.3%

February 24, 2016

Donald Trump captured the Republican caucus in Nevada with 45.9% of the vote to Rubio’s 23.9% and Cruz’ 21.4% third place showing.  With neither Rubio nor Cruz inclined to drop out, Trump’s bid for the nomination looks unstopable.  Following Tuesday’s difficult day for U.S. stocks, share prices in Europe are registering their worst day since […] More

FOMC Minutes to Be Released Later Today

November 18, 2015

Meanwhile, more news emerged from Paris.  Police stormed a suburban house where the architect was believed to be staying.  Two dead, 7 arrested, 4 police injured in violent exchange.  Also, bomb threats were made against some Air France flights. Share prices fell 1.0% in China, and the yuan strengthened somewhat.  There was a bit a […] More

Yuan Decline Triggers Fresh Drop in Global Equities and Sovereign Debt Yields

August 12, 2015

The yuan fell by a further 0.9% against the dollar to 6.38, and in Hong Kong offshore trading the quote sank to 6.552. ¬†Chinese central bank officials played down the development as a temporary adjustment to the new pricing system that will be more heavily influenced by market forces. ¬†They asserted that economic fundamentals do […] More

Weaker Pound and Dollar

November 12, 2014

Sterling fell 0.5% against the dollar, which has otherwise depreciated 0.8% relative to the kiwi, 0.3% versus the euro, 0.2% vis-a-vis the yen and Australian dollar and 0.1% against the loonie.  The Swiss franc at 1.2022 per euro moved nearer to the 1.2000 ceiling that Swiss National Bank officials promise unlimited intervention to prevent further […] More

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