China trade surplus

More Evidence of Subdued Inflation

October 13, 2017

The dollar fell overnight by 0.7% against the Australian dollar, 0.6% relative to the kiwi, 0.4% versus the yen and sterling, 0.3% vis-a-vis the Swiss franc, 0.2% against the euro and 0.1% versus the yuan. The peso and loonie remained unchanged even as President Trump suggests that it may not be possible to fix the […] More

Diving Chinese Trade Surplus Steals the Spotlight

April 13, 2015

China’s $3.08 billion trade surplus last month was 95% smaller than the average of $60.4 billion over the six prior months and the weakest monthly result since February 2014.  Exports recorded a 15% on-year drop instead of rising 10% as analysts were assuming.  Imports fell by 12.7% from the year-earlier level. There were also several bits […] More

Steadier Currency Landscape

November 8, 2013

The euro sank yesterday to as low as $1.3294 after the surprise ECB rate cut, but the lows didn’t hold.  Key currency relationships are steady today.  The euro is at $1.3419 and unchanged from Thursday’s close.  The dollar is also unchanged against the loonie, Australian dollar, sterling and yuan.  The greenback has edged up 0.1% […] More

Misgivings Surface about EU Summit

December 12, 2011

In an inactive day from a data release standpoint, Commodity prices, European stocks and major European currencies have weakened.  The pattern is all too familiar.  The immediate immediate market reaction to plans to stop the euro debt problem is fleeting once analysts point out that symptoms but not causes have been addressed. The dollar has […] More

Softer Chinese Data on FOMC Day

August 10, 2010

Stocks in Asia and Europe got walloped by Chinese data, slumping 2.9% in China, 1.5% in Hong Kong and Thailand, 1.3% in Pakistan, 1.2% in Australia, 0.9% in France, 0.8% in Indonesia and Germany, 0.5% in South Korea, Great Britain, and Spain, and 0.4% in India and Singapore.  Japan’s Nikkei only edged 0.2% lower. The […] More

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