Euroland retail sales

Stronger Euro, Weaker Yen

March 3, 2016

The dollar rose as high as JPY 114.28 overnight, its strongest level since February 15.  It’s off that high currently but still up 0.4% on balance.  At the same time, the U.S. currency shows overnight losses of 0.6% against the New Zealand and Australian dollars, 0.4% versus the euro, 0.3% relative to the Swiss franc […] More

An Informing Day with Some Surprises

November 5, 2015

U.S. labor productivity unexpectedly rose last quarter and substantially so at that.  A gain of 1.6% on top of a 3.5% second-quarter increase resulted in a significantly smaller quarter-over-quarter 1.4% climb in unit labor costs.  Nonetheless, the big productivity picture remains soft, with a rise of just 0.4% between 3Q14 and 3Q15 versus 0.8% in […] More

Service Sector Purchasing Manager Survey Results Announced

May 6, 2015

The dollar fell 0.3% against the euro and loonie and 0.2% relative to sterling but is unchanged relative to the yen and yuan.  A 0.9% advance against the New Zealand dollar contrasts with a 0.7% drop relative to the Australian dollar. Asian stock markets are showing red on the screens, with drops of 2.6% in […] More

Important Data to Digest

October 3, 2014

Friday sees the release of service-sector PMI surveys for many countries, Euroland retail sales, the U.S. monthly jobs report, and U.S. and Canadian trade figures.  Investors also continue to assess yesterday’s ECB press conference and the tense and fluid situation in Hong Kong. Markets remain closed in China for the National Holiday and are closed […] More

Better Market Tone of Monday Still Holding

August 5, 2014

Service sector purchasing manager survey results for many economies and Ezone retail sales data are out.  There have also been announced interest rate decisions from central banks in India and Australia.  Investors now waiting for U.S. data and U.S. market leadership. The dollar has risen 0.3% against the loonie and Swiss franc, 0.2% versus the […] More

Dollar Broadly Lower

May 6, 2014

The dollar touched overnight lows of 1.3946 per euro, 0.9354 per Aussie dollar, 1.6980 per pound, CHF 0.8728, and JPY 101.7.  Net losses are 0.8% against the kiwi, 0.7% relative to the Australian dollar, 0.6% vis-a-vis sterling, 0.5% against the euro and Swiss franc, 0.4% versus the yen, 0.3% against the yuan and 0.2% relative […] More

Mixed Picture

February 5, 2014

Japan’s Nikkei rebounded 1.2% from a 4-month low on some better-than-expected Japanese earnings from Panasonic, Toyota and Sony.  But in a sign of continuing risk aversion, the dollar fell 0.5% against the yen. The greenback is unchanged against the euro, Swissie, Aussie dollar and yuan.  It shows gains of 0.3% versus sterling and 0.2% relative to […] More

Euro a bit Lower Despite Positive German Data

January 8, 2014

The dollar climbed overnight by 0.3% against the loonie, 0.2% versus the euro, Swiss franc and yen and 0.1% relative to the kiwi.  Sterling is 0.1% stronger, and the yuan and Aussie dollar are unchanged against the greenback. The Nikkei rebounded 1.9%, helped by a softer yen.  In other markets around the Pacific Rim, stocks […] More

Slightly Softer Dollar and Yen

November 6, 2013

The dollar edged 0.1% higher against the yen but is otherwise down 0.5% against the kiwi, 0.4% versus the euro, 0.3% relative to the Swiss franc, sterling and Australian dollar, and 0.1% against the loonie.  The yuan is unchanged on a day that saw Chinese share prices drop 1.3%. In other stock markets, share price […] More

Weaker Aussie Dollar on Rate Cut Speculation

May 6, 2013

The U.S. currency has climbed 0.7% against the Aussie dollar but is otherwise fairly stable relative to Friday closing levels. Australian retail sales fell 0.4% in March.  It was the first decline since December. Australian job ads dropped 1.3% in April, more than twice as fast as the 0.5% decrease in March. The MI-TD gauge […] More

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