foreign exchange
Narrowly Mixed Dollar… Economic Sentiment in Euro Area at 4-Month Low
November 27, 2020
The United States on Thankgiving 2020 reported slightly more than a 100,000 new Covid-19 cases and suffered over 1150 deaths from that disease. Extensive traveling for the holiday is feared likely to fan the pandemic further next month. The dollar overnight edged up 0.2% against sterling and 0.1% versus the yen and Swissy but slid […] More
America Releasing a Lot of Data and Bracing for Holiday Impact on Pandemic
November 25, 2020
Trading was comparatively quiet overnight. The dollar recorded gains of 0.4% against the New Zealand and Australian currencies and also rose 0.2% relative to the loonie and sterling. The euro is down 0.1% on net but not before touching a 12-week high of $1.1929. The dollar is flat against the yen and had slipped 0.2% […] More
October 2020 in Figures
October 30, 2020
Compared to previous recent months, net dollar movements in October were limited, exceptions being a 1.9% rise against the Australian dollar and 1.5% slide versus the yuan. Ten-year sovereign debt yields favoring the dollar became even more advantageous, and share prices declined broadly and significantly. The price of West Texas Intermediate crude oil dropped over […] More
Intensifying Pandemic and Coming U.S. Election Rattle Investor Confidence
October 28, 2020
The world has experienced another very bad 24 hours with the coronavirus. Globally reported cases have risen by almost a half million people, and and the United States suffered over a 1000 more Covid-related deaths. For America, the first wave of the epidemic never really ended, whereas Europe is clearly into a second wave, and […] More
September 2020 and Third Quarter in Figures
September 30, 2020
Third-quarter declines in the dollar were for the most part trimmed during the past month. Likewise, the dollar fell in the quarter but generally rose in September. There weren’t any central bank interest rate changes in the quarter in the countries examined here. Ten-year sovereign debt yields fell in September, while net changes between end-2Q […] More
July 2020 in Figures
August 1, 2020
July was the weakest month for the dollar in practically ten years. The resulting improvement in U.S. price competitiveness resulted large U.S. equity price advances that were not experienced by European and Japanese stock markets. Dollar vulnerability also generated strong demand for gold, whose price soared nearly 10%. Late in the month gold briefly surpassed […] More
June and Second Quarter 2020 in Figures
June 30, 2020
The second quarter will be best remembered for the strong advances of stock markets after the first quarter’s debacle. Share price strength continued into June. There were no central bank interest changes in the countries featured in this update during the quarter, and net changes in 10-year sovereign debt yields were very small in June. […] More
May 2020 in Review
May 30, 2020
With the central bank interest rates featured below already historically low, none as in April were lowered during May. Moreover the sharp declines of ten-year sovereign debt yields in April were partly reversed in several instances this past months. The talk of plans around the world to begin loosening stay-at-home restrictions lifted equity markets sharply, […] More
April 2020 in Figures
April 30, 2020
Imposed business shutdowns around the world in March had severely rattled financial market confidence, sending share prices sharply lower and the dollar significantly upward. The feared negative impact on economic data was visibly confirmed during April, but forward-looking investors found hope in the policy response of low interest rates and fiscal support. Although long-term interest […] More
March and First Quarter 2020 in Figures
March 31, 2020
Similar to February, the dollar’s net movements against the euro, yen, and Swiss franc were an oasis of stability amid the continuing financial market drama elsewhere. For the whole first quarter, the dollar was particularly well-bid against sterling and commodity-sensitive currencies like the Australian, New Zealand, and Canadian dollars. For central bank watchers, March was […] More
