British CPI
British Inflation Marching to a Faster Beat
September 12, 2017
The U.K. is not displaying the subdued inflation found in most other developed economies. The August batch of British price data revealed a 0.6% monthly advance in total consumer prices and an acceleration of its 12-month increase to 2.9% from 2.6% in both June and July. Core CPI inflation rose 0.3 percentage points (ppts) to […] More
Dollar Continues to Slide
July 18, 2017
The inability of the U.S. Republican Congress to pass legislation in the Trump era took a further toll on the dollar today. Gold rose. Stocks stalled, and long-term interest rates are lower. Subdued inflation remains a global economic trend. U.S. import prices slid 0.2% on month in June after a 0.1% dip in May and […] More
Another U.S. Gaffe Lifts Euro to a 6-Month High
May 16, 2017
President Trump is alleged to have divulged elements of classified information regarding a terrorist plot to the Russians. He claims to have broken no law in doing so, but the optics surrounding this incident compound an already very toxic climate in U.S. politics. The dollar fell overnight by 0.7% against the euro (to a half-year low), […] More
Market Unsettled Amid Continuing Geopolitical Threats
April 11, 2017
It’s a dangerous world. U.S. policy on Syria appears to be all over the place. How the Kremlin will respond to the changed U.S. stance is uncertain. North Korea is exploiting the confusion, and the outcome of the fast-approaching French election’s is in greater doubt than a week ago. Brexit negotiations are unlikely to go […] More
Dollar in Retreat
March 21, 2017
The dollar’s weaker again. The euro rose above $1.080 for the first time since February 2 and hit its best level since January 31. The greenback has fallen 0.9% against sterling, 0.7% relative to the euro, 0.4% vis-a-vis the kiwi, 0.3% versus the Swiss franc, Chinese yuan and Mexican peso, 0.2% against the loonie, and […] More
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
