Australian PPI

Stronger Yen and Dollar ahead of U.S. GDP Figures

October 27, 2017

The earliest estimate of U.S. third-quarter GDP growth gets released shortly.¬†Forecasters anticipate similar growth to the 3.1% result in 2Q. The dollar meanwhile has continued to strengthen against the euro (0.3% overnight) in response to contrasting monetary policies. Trump is expected to replace Yellen with a more hawkish person to lead the Fed, while yesterday’s […] More

May Day 2015

May 1, 2015

Many markets particularly in Europe are shut for May Day.¬† This has held down the usual flood of manufacturing PMIs on the first day of the month.¬† Japanese inflation picked up for the first time in almost a year, but Japan’s factory purchasing managers index edged below the no-change threshold. The British PMI printed significantly […] More

No Progress in U.S. Debt Ceiling Talks

July 25, 2011

Risk-on trading has returned.  The Swiss franc and yen rose 1.8% and 0.5% against the dollar, which has also slipped 0.2% against the euro and 0.1% relative to the Canadian and New Zealand dollars.  The dollar has firmed 0.1% against sterling and is unchanged versus the yuan.  Gold leaped 1.2% to $1620.20 per ounce. No […] More

css.php