euro area industrial output
Euro Remains Firm ahead of Draghi Testimony
July 14, 2014
ECB President Draghi will be testifying today before the EU Parliament in Strasbourg, France. Excessive euro strength is a more pressing issue. Federal Reserve Chair Janet Yellen testifies Tuesday on Monetary Policy and the State of the Economy before the Senate Banking Committee. She will reprise that testimony Wednesday before the House Financial Services Committee. […] More
Kiwi Jumps Over 1% After New Zealand Official Cash Rate Hike
June 12, 2014
The New Zealand dollar advanced 1.4% net against its U.S. counterpart and got as strong as USD 0.8690 following the Reserve Bank of New Zealand’s scheduled monetary policy meeting. While a third 25-basis point tightening since March had been anticipated, investors reacted most to the accompanying guidance that points to greater-than-assumed further tightening in the […] More
Risk Aversion Intensifies
March 12, 2014
The Ukraine political standoff, the inexplicable loss of Malaysian Airlines Flight 370, ongoing concern about China’s economic outlook, and disappointment over the lack of more monetary stimulus in Japan have weighed further on financial market sentiment. Share prices in Europe are down by 1.4% in Germany and France and 1.1% in Spain after a 394-point […] More
Some Reassuring News
April 12, 2012
Australia reported much better-than-expected labor statistics for March. Employment climbed 44.0K, the second increase of more than 40K in three months, and the jobless rate held at 5.2% instead of ticking up a tenth as forecast. The Aussie dollar recovered 1.0% against the greenback. Chinese bank lending last month leaped by 1.011 trillion yuan, compared […] More
