Canadian CPI
Dollar Rebound Extended 0.3%
February 17, 2021
The dollar is 0.3% stronger on an effective trade-weighted basis. It is up 0.4% against the euro and near the day’s high and touched a 5-month high of 106.22 Japanese yen overnight. The reviving dollar reflects climbing long-term U.S. interest rates as investors are betting on the Congress approving a pandemic relief package of around […] More
Ahead of Biden Inaugural, Equities and Commodity Prices Are Up, while Dollar Is Softer
January 20, 2021
Overnight dollar losses amount to 0.6% against sterling, 0.5% relative to the Australian dollar, 0.4% vis-a-vis the yuan, 0.3% versus the loonie and kiwi, and 0.2% against the euro and peso. The Swiss franc is steady, and the yen has edged 0.1% lower against the greenback. The trade-weighted DXY dollar index is somewhat above 90.5. […] More
More Central Bank Rate Cuts, Mixed Global Economic Data and a Weaker Dollar
May 20, 2020
The dollar traded down overnight by 1.2% against the peso, 1.0% relative to the kiwi, 0.9% vis-a-vis the Australian dollar, 0.6% versus the Swiss franc, 0.4% against the euro, 0.3% relative to the loonie and 0.1% against sterling. Against the yen, the dollar inched 0.1% higher, but the U.S. currency in trade-weighted terms is close […] More
Sliding Into Yearend Mode
December 18, 2019
With the yearend holidays fast approaching, it’s hard to identify overriding themes in financial markets. The dollar is mixed, with rises overnight of 0.4% against sterling, 0.2% relative to the euro and 0.1% against the yuan, no net changes versus the Swiss franc and yen, and dips of 0.3% vis-a-vis the kiwi, 0.2% against the […] More
Much Riding on Fed Chairman’s Press Conference
June 19, 2019
The dollar is unchanged from Tuesday closing levels against the yen, yuan, kiwi, and Australian dollar. The greenback has slipped 0.4% against the Swiss franc, 0.3% relative to sterling but just just 0.1% vis-a-vis the loonie and euro. U.S. President opened a fresh topic in the 24-hour news cycle, accusing ECB President Draghi and that […] More
WTI Oil Extends Rise Above $40 Level
March 18, 2016
West Texas Intermediate oil has climbed another 1.8% to $40.93 per barrel. There has been a rebound of 56.6% since February 11 when oil touched its lowest level since May 2003. The rebound in oil has maintained a bid tone in share prices. The DOW is 0.7% higher. Stocks have risen 0.5% in Spain and […] More
Markets Confused and Fearful about the Coming Year
December 18, 2015
Noontime in New York finds U.S. equities down over 1.0%, the ten-year Treasury yield off two basis points, and the dollar depressed by 1.3% against the yen, 1.0% versus the Aussie dollar, 0.8% relative to the kiwi, 0.5% against the loonie, 0.4% vis-a-vis the euro and 0.1% against sterling. Share prices fell 1.9% in Japan […] More
Markets Confused and Fearful about the Coming Year
December 18, 2015
Noontime in New York finds U.S. equities down over 1.0%, the ten-year Treasury yield off two basis points, and the dollar depressed by 1.3% against the yen, 1.0% versus the Aussie dollar, 0.8% relative to the kiwi, 0.5% against the loonie, 0.4% vis-a-vis the euro and 0.1% against sterling. Share prices fell 1.9% in Japan […] More
A One-Two Punch from China and Greece
August 21, 2015
The dollar’s retreat was extended overnight, hitting a low of 1.1312 per euro. Against Thursday closing levels, the U.S. currency lost 0.6% against the kiwi and yen, 0.5% versus the euro, and 0.4% vis-a-vis the Swiss franc. The dollar, in contrast, is unchanged relative to the yuan and Australian dollar and shows gains of 0.4% […] More
Geopolitical Tensions Overhang Market
July 18, 2014
Markets are on edge following the downing of Malaysian Airlines Flight 17 in Ukraine by a surface to air missile, the invasion of Gaza by Israeli ground troops, and augmented trade sanctions against Russia by the EU and United States. If anything is going to break the low volatility environment in the marketplace, this toxic […] More
