China trade balance

Markets Calmer than Yesterday

January 13, 2017

After slumping Thursday, the dollar is unchanged today against the yen, Australian dollar, loonie and sterling. The greenback slipped a mere 0.2% against the euro, Swissie and peso since Thursday’s close and is down 0.1% vis-a-vis the yuan and kiwi. The Japanese Nikkei recovered 0.8%. Elsewhere in the Pacific Rim, equities have fallen 0.8% in […] More

Markets Accepting the Message that Fed Tapering Will Continue

February 12, 2014

Janet Yellen’s message had two parts.  First, the onset of a rising federal funds rate remains far away and the economy remains vulnerable.  Second, a measured pace of quantitative easing will not be halted except in the case that the economy seems to be veering sharply below expectations, that is toward recession.  This message was […] More

Rare Chinese Trade Deficit

April 10, 2013

It’s been a pretty uneventful day so far.  Main data development was news of a $884 million Chinese trade deficit in March that follows surpluses of $15.25 billion in February, $29.15 billion in January and $31.6 billion in December.  On-year export growth slowed to 10.0% from 21.8% in February and 25.0% in January, while imports […] More

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