Euroland retail sales

Dollar’s Losses Extended Overnight

December 3, 2020

Compared to Wednesday closing levels, the dollar has weakened 0.7% against sterling, 0.5% versus the Swiss franc and  Mexican peso, 0.4% relative to the euro and yen, 0.3% vis-a-vis the Australian dollar, 0.2% against the yuan and kiwi, and 0.1% versus the Canadian dollar. One currency that fell against the dollar has been the beleaguered […] More

U.S. Still Counting Votes as 24-Hour Rise Covid Cases and Deaths Exceed 107K and 1.1K

November 5, 2020

U.S. Election News: Biden’s electoral college count seems likely to reach 270 threshold. Trump is suing to halt counting of absentee ballots, and street protests against such action broke out in several cities overnight. Congress most likely will remain divided with Dems controlling the House and Republicans holding the Senate, but there too ballot counting […] More

Dollar Down Amid Worries about the President’s Medical Condition

October 5, 2020

Medical reports on President Trump have been opaque and not entirely truthful. He’s been put on steroids and other meds consistent with a possibly serious case of Covid-19. Today’s other attention-grabbing news has been reported progress in talks between the EU and U.K. over a post-Brexit trade arrangement. The dollar fell overnight by 0.9% against […] More

Upward Bounce in the Dollar

September 3, 2020

Dollar advances today amount to 0.6% against the Australian dollar and sterling, 0.5% versus the Canadian and New Zealand dollars, and 0.3% relative to the yen and euro. A new high in the dollar was touched against Turkey’s lira after investors learned that Turkish reserves have drained to a 15-year low. The Russian ruble is […] More

Price of Oil Jumps and Dollar Falters

August 5, 2020

Overnight declines in the dollar amount to 1.0% against the Mexican peso, 0.9% versus the Australian dollar, 0.6% relative to the euro, Swiss franc and loonie, 0.5% vis-a-vis the kiwi, yuan and sterling and 0.2% against the yen. The price of WTI oil leaped 3.2%, partly in response to an enormous explosion at the port […] More

Global Stock Market Rally

July 6, 2020

Share prices in Asia overnight leaped 5.7% in China, 3.8% in Hong Kong,1.8% in Japan, 1.7% in South Korea, 1.4% in Singapore and 1.3% in India. Key markets around Europe are currently up by 2.3% in Spain, 1.9% in Italy, 1.8% in Great Britain, 1.6% in France and Germany and 1.0% in Switzerland. A U.S. […] More

Strong Equity Rally and Dollar Downtrend Pause

June 4, 2020

Stock markets mostly rose in the Pacific Rim and Europe but only modestly for the most part in contrast to yesterday’s sharp advance. Just prior to the release of U.S. data this morning, U.S. stock futures were suggesting a downtick at the open. The dollar is unchanged from Wednesday closing levels against the euro, yen, […] More

Greater Focus on the Economic Devastation of the Covid-19 Pandemic

May 6, 2020

The dollar appreciated overnight by 0.7% against the Mexican peso, 0.5% versus the British pound and Chinese yuan, 0.4% relative to the euro, 0.3% vis-a-vis the loonie, but just 0.1% against the Swiss franc and Aussie dollar. The dollar also lost 0.3% against the Japanese yen. Japanese markets remained shut for the last of the […] More

A Steady Dollar

November 6, 2019

The dollar on balance remains near Tuesday closing levels. Gold is 0.3% firmer. The spate of recent increases in 10-year sovereign debt yields was reversed today with 3-basis point declines in U.S. Treasuries and British gilt yields and a dip of 1 basis point in the 10-year German bund yield. The Japanese 10-year JGB yield, […] More

Some Geopolitical Relief but Not Out of the Woods

September 4, 2019

The British Parliament passed a bill late yesterday by a 328-301 margin to stop Prime Minister Johnson from engineering a no-deal breakaway from the EU on October 31. BoJo, as he is known, is expected to lose more votes today and to call snap elections for October 14th. It’s not clear the Parliament will authorize […] More

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