British CPI and PPI

Released Current Account Data and Some Central Bank Decisions

September 19, 2018

The dollar is steady to mostly softer. North America’s stock market rally on Tuesday carried over into Asia and Europe. The ten-year British gilt yield edged up 2 basis points, and gold firmed 0.4%. Oil is steady, as are German bunds and Japanese JGBs. New Zealand recorded a larger-than-forecast NZD 1.619 billion current account deficit […] More

Deepening Trade War Concerns

March 20, 2018

The Fed’s two-day policy review starts today. The first post-meeting press conferenceĀ of the Jay Powell era and a likely 25-basis point interest rate hikeĀ  are tomorrow, and investors are anxious to see if there is a signal that four increases this year are more likely than two or three. But all this has been overshadowed […] More

Some Market Relief after Chinese Data Announced

January 19, 2016

The eagerly awaited Chinese economic data confirmed slower growth late in 2015 but not as much so as feared.  Chinese data are notoriously distrusted, so one has to wonder how long today’s rally will last. The dollar fell 1.1% against the Australian dollar, 0.7% versus the loonie, 0.2% relative to the kiwi and sterling and […] More

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