Ezone retail sales

A Depressing VEEP Debate, PMI Services Data, and Central Bank Developments

October 5, 2016

The U.S. vice-presidential debate showcased U.S. politics at its chaotic worst. On balance, Pence seemed more polished, but the American League wild card baseball playoff game offered much better entertainment. On the central banking front, The Bank of Iceland left its seven-day deposit rate unchanged at 5.25%, having cut such in August by 50 basis […] More

PMIs and an ECB Press Conference

April 3, 2014

Prior to the ECB announcement, the dollar was narrowly up by 0.3% against the kiwi, 0.2% versus sterling and 0.1% relative to the euro, yen, Aussie dollar and Chinese yuan.  The Swiss franc is steady, and the loonie has firmed 0.2% against its U.S. counterpart. China’s government unveiled some tax cuts and other steps to […] More

Weaker Yen and Australian Dollar

February 5, 2013

The U.S. currency rose overnight by 1.1% against the yen and 0.5% versus the Aussie dollar.  The greenback lost 0.3% to the euro, 0.2% to the loonie and 0.1% relative to the yuan and Swiss franc.  The buck is 0.1% firmer against the kiwi and sterling.  French President Hollande wants a coordinated regional exchange rate […] More

More PMI Reports and a Monster Australian Trade Deficit

October 3, 2012

The dollar has gained 0.5% against the kiwi and 0.3% versus the Australian dollar.  Other dollar pairs are pretty stable.  The greenback is unchanged against the euro and yuan, up 0.2% relative to the loonie, and 0.1% firmer against the yen, Swissie and sterling. Japan’s Nikkei fell 0.5%, and Chinese markets remained closed in continuing […] More

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