British labor statistics

Further Erosion of Dollar’s Value

September 15, 2020

The dollar dropped 0.6% to a 16-month low against the Chinese yuan overnight and also lost 0.5% relative to the Australian dollar, 0.4% vis-a-vis the Mexican peso, 0.3% versus the kiwi, Swiss franc, loonie, euro and sterling, as well as 0.1% against Japan’s yen. The latest declines bring the dollar’s trade-weighted depreciation over the past […] More

Several Big Developments

April 21, 2020

Although well above Monday’s lows, the price of WTI oil (-$4.00 per barrel) remains negative. This development continues to ripple well beyond other commodity markets, including the exertion of a drag commodity-sensitive currencies. The dollar overnight advanced 2.5% against the Russian ruble, 1.3% relative to the New Zealand dollar and Mexican peso, 1.5% versus the […] More

Dollar Draws Strength from Coronavirus and Lower Financial Market Confidence in Euroland Economic Outlook

February 18, 2020

Share prices fell today by 1.5% in Hong Kong and South Korea, 1.4% in Japan and 1.0% in Taiwan. Equity markets are down in Europe by 0.9% in the U.K., 0.7% in Germany, 0.5% in France and 0.4% in Switzerland. Risk aversion is also reflected in fixed income markets, where 10-year sovereign debt yields have […] More

BoJo Shocker, Dovish RBA Minutes, and Some Robust U.S. Data

December 17, 2019

The pound hit an air pocket overnight, dropping 1.3% against the dollar after Prime Minister Johnson rejected the option of further extensions to Brexit talks. The lack of any deal is back in play. As things stand, Britain is to leave the EU at end-January and any transition period into full Brexit ends before 2021. […] More

Dollar and Stock Markets Up

November 12, 2019

The dollar traded up overnight by 0.4% against the kiwi, 0.3% relative to the Swiss franc, 0.2% vis-a-vs the euro, loonie and sterling, and 0.1% against the Australian dollars. Stock markets in the Pacific Rim advanced by 0.8% in Japan, South Korea, Taiwan and Singapore and by 0.5% in Hong Kong and Indonesia. India is […] More

More Brexit Confusion, Brighter Data, and an FOMC Meeting

March 19, 2019

The dollar stayed in neutral gear overnight, dipping 0.1% against the euro, sterling, and kiwi, holding flat relative to the yen, yuan and Swiss franc, and nudging up 0.1% vis-a-vis the Aussie dollar. Slightly bigger dollar dips occurred of 0.4% relative to the loonie and 0.2% versus the Mexican peso. Asian stock markets likewise didn’t […] More

Dollar Little Changed as Global Stocks Turn Lower Again

January 22, 2019

The dollar is unchanged against the Swiss franc, down 0.2% versus the yen, sterling and peso, off 0.1% relative to the euro, and up 0.1% vis-a-vis the kiwi and yuan. Larger gains have been notched of 0.4% against the loonie and 0.3% versus the Australian dollar. Equities in the Pacific Rim fell 1.2% in China, […] More

Stocks Rebound Somewhat but Situation Still Unstable

November 13, 2018

With the G20 summit in Argentina on November 30 – December 1 fast approaching, U.S. Treasury Secretary Mnuchin and Chinese Vice Premier Liu Yandong discussed trade issues in a phone conversation, the first high-level U.S.-Sino talks of any sort on this explosive issue. A breakthrough was not reported, but some equity markets bounced higher after […] More

Stock Prices Heading South

September 11, 2018

Fears that the Sino-U.S. trade war is about to escalate sharply weighed on global stock markets. Another concern is Hurricane Florence, a category 4 storm in the Atlantic that’s headed for landfall in the Carolinas sometime around Friday. Over 1 million people are fleeing their homes. Today is the 17th anniversary of the Al Qaeda […] More

Lots of Data Released and Mostly on the Softer Side

May 15, 2018

The dollar strengthened across the board overnight, rising 0.7% against the peso, 0.4% relative to the euro, Aussie dollar and yuan, 0.3% versus the yen and sterling, and 0.2% vis-a-vis the Canadian dollar, Swiss franc and kiwi. Equity markets in the Pacific Rim mostly fell, a 0.6% rise in China being the main exception. Share […] More

css.php