Chinese CPI and PPI

Expressions of Concern

February 18, 2016

St. Louis Fed President Bullard, who had previously been urging interest rate normalization, gave a speech warning that further rate hikes would be risky in light of the continuing decline of market-based indicators of expected inflation and because a buildup of unhealthy asset bubbles has become less probable. A member of the Bank of Japan’s […] More

Asian Equities Still Reeling

January 11, 2016

The Japanese market was closed Monday in observance of the Coming of Age holiday, but other stock markets in the region suffered further heavy losses, led by a 5.3% plunge in China’s Shanghai Composite index.  Stocks closed down 3.5% in Hong Kong, 1.8% in Indonesia, 1.5% in Singapore, 1.3% in Taiwan, 1.2% in South Korea […] More

Chinese CPI Inflation Fell to 5-Month Low

November 10, 2015

The dollar showed little net change overnight, firming 0.3% against the euro and 0.1% relative to the Swiss franc, falling 0.1% vis-a-vis the loonie, Aussie dollar and sterling, and staying flat versus the yen, kiwi and yuan. Share prices slumped 1.7% in Hong Kong, 1.5% in India, 1.4% in South Korea, 1.1% in Indonesia and […] More

Dollar, Yen, Equities and Gold Strengthen while Oil Declines

April 10, 2015

The dollar dipped 0.2% against the yen but otherwise shows gains of 0.7% against the euro and sterling, 0.4% relative to the Swissie and Australian dollar, 0.3% vis-a-vis the loonie and kiwi and 0.1% against the yuan. Share prices have risen 1.9% in China, 1.2% in Hong Kong, 1.4% in South Korea, 0.5% in Taiwan, […] More

Bunch of CPI and Industrial Output Data Released

February 10, 2015

The dollar was narrowly mixed overnight, with gains of 0.4% against the yen, 0.3% versus the Swissie and Australian dollar, 0.2% against the kiwi and 0.1% relative to the euro.  The loonie is unchanged, and the the yuan and sterling picked up 0.1% against the greenback. Share prices rose 1.8% in China as 5-year lows […] More

A Few Surprises

December 10, 2014

Chinese share prices rebounded 3.7% as CPI inflation falls to lowest level (1.4%) since November 2009.  Producer prices meanwhile posted their greatest on-year decline (2.7% after 2.2%) since May 2013, further encouraging investors to speculate about another central bank rate cut in the world’s second biggest economy. The 10-year Japanese JGB yield dipped under the […] More

Quiet ahead of the Release of FOMC Minutes

July 9, 2014

The dollar was unchanged overnight against the euro, Swissie, and Australian dollar.  China’s yuan also shows no net change but was fixed at its firmest level since the first trading day of July.  The U.S. currency has risen 0.1% relative to the yen, loonie and sterling but dipped 0.2% vis-a-vis the kiwi. Pacific Rim stock […] More

European GDP Growth Last Quarter Beats Expectations and Lifts Euro

February 14, 2014

The dollar had depreciated by 0.9% against the Swiss franc, 0.8% relative to the euro, and 0.7% versus sterling.  The greenback also lost 0.6% against the yen, 0.7% versus the kiwi, and 0.4% relative to the loonie. There’s been a dip of 0.1% against the Aussie dollar and a 0.1% uptick versus the yuan. The […] More

Fresh Signals Regarding the Yen

April 9, 2013

An amber light on yen depreciation was flashed by a key advisor to Japanese Prime Minister Abe.  Mr. Hamada suggested that 100 per dollar is a much more appropriate and competitive level. The dollar has fallen back 0.4% against the yen.  It has also dropped 0.4% relative to sterling as well as 0.5% versus the […] More