Central Bank of Paraguay
Investors Selling Just About Everything for Dollars
September 23, 2022
The weighted DXY dollar index rose 0.8% overnight and is trading currently near its intra-day level. At that high, DXY was a mere 5.5% below its peak going back to 1985 and 55.5% above its 2008 low. The dollar shows overnight gains of 1.8% against sterling, 1.1% versus the New Zealand dollar, 1.0% relative to […] More
Continuing Dollar Uptrend
August 24, 2022
Investors remain focused on the Federal Reserve’s annual symposium at Jackson Hole, Wyoming, which starts tomorrow. This coming event has put the theme of tightening monetary policy into the spotlight. The Fed has been at the forefront of the fight against inflation, and the dollar continues to be well-bid, rising another 0.5% overnight against its […] More
Macron Wins with 58.6% of the Vote but Recessionary Fears Extend Equity Losses Around the World
April 25, 2022
Although less than the 66.1% to 33.9% margin of victory in 2017, French President Macron was reelected, beating Le Pen by a greater margin than expected. His margin this time was still comfortable at 17.2% — 58.6% to 41.1%. Had Le Pen’s far-right National Rally captured the government, the unity of NATO against Russian aggression […] More
Financial Markets Bracing for More Aggressive Interest Rate Hikes by Fed and Other Central Banks
March 23, 2022
Investors increasingly are in an Armageddon state of mind. The question being considered is “what if,” and it is being applied in several directions. What happens if Putin resorts launches crippling cyber attacks on infrastructure systems in the United States and its allies, or resorts to weapons of mass destruction, whether chemical, biological or nuclear? […] More
Preliminary Purchasing Manager Readings for June Beating Expectations
June 23, 2020
PMI readings for Euroland, Germany, France, and Great Britain show a V-shaped pattern. Other themes of today include A further disturbing rise in the Covid-19 numbers. Global cases rose about 145,000 in the past 24 hours, 31k of which were reported in the United States. U.S. President Trump’s opinion poll approval ratings continue to erode. […] More
