eurozone industrial output

Relentless Market Pessimism

June 14, 2016

A slew of opinion polls in the U.K. elevate the risk of a vote to leave the European Union as a major newspaper endorses that choice. The Federal Open Market Committee begins a two-day meeting today.  The Fed will release new macro forecasts after the meeting ends, and Janet Yellen will preside over a press […] More

Mostly Firmer Dollar as Markets Eye U.S. Primaries and Upcoming FOMC and BOJ Meetings

March 14, 2016

There’s been a 12.7% devaluation of the Egyptian pound.  The U.S. currency has risen against a wide array of other emerging market currencies, too, as investors upgrade the probability of further Fed tightening before midyear. The dollar shows gains of 0.6% against the kiwi, 0.5% versus the Swiss franc and loonie, 0.4% vis-a-vis the euro, […] More

Yuan Decline Triggers Fresh Drop in Global Equities and Sovereign Debt Yields

August 12, 2015

The yuan fell by a further 0.9% against the dollar to 6.38, and in Hong Kong offshore trading the quote sank to 6.552.  Chinese central bank officials played down the development as a temporary adjustment to the new pricing system that will be more heavily influenced by market forces.  They asserted that economic fundamentals do […] More