Davos
Better Session for the Dollar
January 18, 2017
Following sharp losses on Tuesday, the dollar prior to the release of U.S. CPI figures shows a recovery of 0.9% against sterling, 0.8% relative to the peso, 0.5% vis-a-vis the loonie and yen, and 0.2% versus the euro, Aussie dollar and kiwi. The yuan and Swiss franc remained steady. Share prices in the Pacific Rim increased […] More
Still Watching Greece and Waiting for U.S. GDP Data
January 27, 2012
The dollar has softened overnight by 0.6% versus the yen, 0.5% against the Australian dollar, 0.4% versus the kiwi, 0.3% relative to the euro, and 0.2% against the loonie, Swissie, and sterling. The Chinese market remained closed one more day for the Lunar New Year holiday but will reopen on Monday. Stocks in the Pacific […] More
Attention on FOMC and Davos
January 25, 2012
The annual World Economic Forum in Davos opens today with a speech from German Chancellor Merkel. A PSI agreement between Greece and holders of its debt still hasn’t been reached. The FOMC releases its policy statement at 17:30 GMT. This will be followed by forecasts including the interest rate expectations of individual members, and Fed […] More
Dollar Down Ahead of U.S. GDP and Employment Cost Reports
January 28, 2011
The dollar lost 0.6% against the yen overnight and is down 0.4% against the Australian dollar, 0.3% versus the kiwi and Swiss franc, and 0.1% against the euro. The dollar is up 0.1% relative to the Canadian dollar and pound sterling but steady against the Chinese yuan. Share prices are mostly lower, with declines of […] More
Spotlight on Fed and Other Central Banks
January 26, 2011
The Federal Open Market Committee meets today for the first of eight scheduled dates in 2011. A statement at 19:15 GMT is not expected to modify policy. Minutes from the Bank of England’s January 12-13 meeting revealed a second dissenter in favor of raising the Bank Rate by 25 basis points and a majority somewhat […] More
