FOMC Minutes

Dollar Drops Against Yen, Yuan and Peso

January 5, 2017

The dollar fell overnight by 1.3% against the Mexican peso, 0.7% relative to the Japanese yen and 0.6% vis-a-vis the Chinese yuan. The U.S. currency also lost 0.2% to the Swiss franc and 0.1% versus the euro, loonie and Australian dollar but rose 0.3% against sterling and 0.1% relative to the kiwi. Share prices climbed […] More

Lower Dollar as Investors Await FOMC Minutes

January 4, 2017

The dollar depreciated overnight by 0.8% against the loonie, 0.5% relative to the yuan and kiwi, 0.4% versus sterling, 0.3% vis-a-vis the euro and 0.2% against the yen and Australian dollar. Japan reopened for a half day, and the Nikkei rose 2.4%, catching up for lost time. In other Pacific Basin stock markets, equities rose 1.7% […] More

FOMC Minutes

May 18, 2016

Participants agreed that their ongoing assessments of the data and other incoming information, as well as the implications for the outlook, would determine the timing and pace of future adjustments to the stance of monetary policy. Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor […] More

Some Better PMI Results but Investor Mood Stays Guarded

April 6, 2016

Stocks in the Pacific Rim fell 1.7% in Taiwan and 0.1% in Japan and China but rose 0.4% in Australia, South Korea and Singapore. Share prices in Europe are mixed, with rises of 0.6% in the U.K. and Switzerland, 0.7% in Italy and 0.3% in France and Spain but drops of 0.7% in Greece and […] More

FOMC Minutes to Be Released Later Today

November 18, 2015

Meanwhile, more news emerged from Paris.  Police stormed a suburban house where the architect was believed to be staying.  Two dead, 7 arrested, 4 police injured in violent exchange.  Also, bomb threats were made against some Air France flights. Share prices fell 1.0% in China, and the yuan strengthened somewhat.  There was a bit a […] More

Dollar Lower after FOMC Minutes

October 9, 2015

The FOMC minutes from September’s meeting were not as hawkish as anticipated.  Committee members didn’t raise rates because of concern that global developments like the stronger dollar and weaker Chinese demand might dampen U.S. growth and inflation in the future, and they therefore decided to delay the onset of rate tightening, pending data that will […] More

German and Japanese Current Account Data and a Bank of England Decision

October 8, 2015

The dollar fell overnight by 0.5% against the Swiss franc, 0.4% versus the euro, 0.3% vis-a-vis the loonie and 0.1% relative to the yen, yuan and kiwi.  The greenback firmed 0.2% against the Aussie dollar. Share prices in the Pacific Rim rose 3.0% in China, whose market had been shut previously, and 0.7% in South […] More

Another Risk Off Market

August 20, 2015

Stocks are off in North America, Europe and Asia.  The Shanghai Composite slumped 3.4%, and markets in India, Korea, Hong Kong, Australia and Singapore all fell at least 1.0%, while the Japanese Nikkei lost 0.9%.  The German Dax is 2.2%, and the S&P shows a loss of 1.2% so far. Ten-year sovereign debt yields are […] More

Japanese GDP and FOMC Minutes

May 20, 2015

Japanese first-quarter real GDP growth of 2.4% at an annualized rate (SAAR) was the second increase in a row, the best quarter since 1Q14, and faster than street expectations of 1.5%.  Growth last quarter was powered by stronger-than-predicted personal consumption (1.4%) and inventory building that augmented GDP growth by 2.0 percentage points (ppts).  Net exports […] More

ECB and FOMC Minutes

February 19, 2015

The ECB meeting of January 22 authorized quantitative easing totaling 60 billion euros per month over the twenty months to September 2016.  This substantial loosening of monetary policy was taken in response to a weaker-than-hoped quantitative response by banks to initiatives launched last September, to newly arisen expectations of sub-zero CPI inflation “for some time,” […] More

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