British CPI

A Valentine’s Day Full of Data and Other Developments

February 14, 2017

Market Movement: The dollar is higher against sterling but lower against the euro, Swissie, yen, and commodity-sensitive currencies. Oil and gold climbed 1.3% and 0.7% overnight. 10-year German bund and Japanese JGB yields rose a basis point, while the 10-year Treasury and British gilt slid a basis point. Japan’s Nikkei slumped 1.1%. Central Bank News: […] More

Post-Election Market Moves Trimmed a Bit

November 15, 2016

Sovereign debt yields and the dollar eased this Tuesday, one week after the U.S. election. Oil and gold rebounded. Stocks are mixed. Euroland GDP, British consumer prices, and Reserve Bank of Australia minutes were released. The German ZEW Institute’s monthly index of investor sentiment reflected a drop after the U.S. election. One Fed official, Lacker, […] More

Stocks and Commodities Up, Dollar and Bond Yields Down

October 18, 2016

The dollar eased overnight against the currencies of other advanced economies. Losses of 1.1% against the kiwi and 1.0% versus sterling led this move. The dollar also fell 0.7% relative to the Australian dollar, 0.5% versus the loonie, and 0.1% relative to the yen, euro and Swiss franc. The pound was lifted by news that […] More

Digesting More Data

September 13, 2016

The dollar is holding steady against the euro, Swiss franc and yuan, down 0.5% versus the loonie, but 0.6% stronger against sterling. The dollar has also advanced 0.4% against the yen and Australian dollar and 0.3% vis-a-vis the kiwi. Share prices had recovered in the U.S. yesterday after Governor Brainard of the Federal Reserve made […] More

Weaker Dollar and World Share Prices Ahead of Key U.S. Data Releases

August 16, 2016

The dollar fell overnight by 1.3% against the yen (now showing a 99 handle), 1.2% relative to the Swiss franc and kiwi, 1.0% versus the euro (which is near 1.13), 0.9% vis-a-vis sterling (hurt by a rise in British inflation), 0.8% against the Aussie and Canadian dollars, and 0.3% versus the yuan. Japan’s Nikkei closed […] More

Relentless Market Pessimism

June 14, 2016

A slew of opinion polls in the U.K. elevate the risk of a vote to leave the European Union as a major newspaper endorses that choice. The Federal Open Market Committee begins a two-day meeting today. ┬áThe Fed will release new macro forecasts after the meeting ends, and Janet Yellen will preside over a press […] More

Concerns about Europe

February 16, 2016

European markets had rallied Monday, spurred by upbeat remarks from ECB President Draghi regarding the economic outlook and the readiness of central ban policymakers to act further to stimulate growth and boost inflation closer to target.  But Tuesday saw a return of risk aversion related to concerns about the health of European banks and the […] More

Share Prices Up, Dollar Fairly Steady Awaiting U.S. CPI and Industrial Production Data

November 17, 2015

The dollar is unchanged against the Canadian dollar and sterling.  It has risen 0.3% versus the Swiss franc and kiwi, 0.2% relative to the euro, and 0.1% vis-a-vis the yuan and yen but lost 0.3% against the Australian dollar. The Aussie dollar was buoyed by Reserve Bank of Australia minutes of the November 3rd Board […] More

New Wave of Volatility and More Disinflationary Data

October 13, 2015

Yesterday’s plunge in oil prices has been followed by news of a 20.4% on-year decline in Chinese import prices and a 1.1% slide in the Aussie dollar against its U.S. counterpart. The greenback is also up 0.7% against sterling, 0.4% relative to the loonie, 0.5% vis-a-vis the kiwi, and 0.3% against the yuan.  The dollar […] More

Greek Dismay and a Nuclear Deal Reached with Iran

July 14, 2015

The price of West Texas Intermediate crude oil fell 2.1% to $51.12 per barrel on news that deal was reached to greatly relax economic sanctions on Iran in exchange for constraints on Iranian nuclear production and enhanced western access to inspecting Iranian facilities.  The agreement follows nearly three weeks of intense talks and is opposed […] More

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