foreign exchange
April in Figures
April 29, 2017
In April, ten-year sovereign debt yields fell a little more sharply in the United States than other economies, but the dollar was mixed, falling against the euro, sterling, and Swiss franc but not the yen. The dollar advanced solidly against commodity-sensitive currencies, and West Texas Intermediate crude oil slipped back below the $50 per barrel […] More
Fed Policy Still a Huge Influence on Dollar
February 21, 2017
The dollar appreciated broadly after the three-day U.S. holiday weekend despite ongoing worries about U.S. policies and strong preliminary February purchasing manager survey results for Euroland and Japan. The prime dollar mover came from remarks by Philadelphia Fed President Harker that a rate increase is possible as soon as the FOMC’s March meeting. Dollar overnight gains […] More
Stronger Dollar and a Few Central Bank Policy Meetings
February 7, 2017
The theme of tightening Fed policy and looser U.S. fiscal policy returned to the fore, lifting the dollar overnight by 1.1% against the euro, 0.8% versus the Swiss franc, loonie and sterling, 0.6% relative to the yen, 0.5% against the Australian dollar, 0.4% versus the Mexican peso and 0.3% vis-a-vis the New Zealand dollar and […] More
January in Figures
January 31, 2017
The slumping dollar was the fulcrum of financial market activity in January. Dollar lows for the month were hit on January 31 against the euro, yen, Swiss franc, Australian dollar and kiwi, and the monthly highs occurred on either the third of second day of the months. From their lows to their highs, the Aussie […] More
Markets Calmer than Yesterday
January 13, 2017
After slumping Thursday, the dollar is unchanged today against the yen, Australian dollar, loonie and sterling. The greenback slipped a mere 0.2% against the euro, Swissie and peso since Thursday’s close and is down 0.1% vis-a-vis the yuan and kiwi. The Japanese Nikkei recovered 0.8%. Elsewhere in the Pacific Rim, equities have fallen 0.8% in […] More
Sinking Dollar
January 12, 2017
President-Elect Trump’s press conference yesterday was contentious and uninformative with regard to coming policy specifics, leaving investors confused, disillusioned and scared. The dollar, which had rallied since the U.S. election, suffered significant overnight losses against advanced and emerging market currencies alike. The greenback lost 1.2% against the yen and peso, 1.0% relative to the kiwi, […] More
Greater Calm
January 10, 2017
Not much is happening this Tuesday. Several data releases corroborate other recent indications of improving global growth, mounting confidence, and rising inflation around the world. The dollar is unchanged against the euro and Swiss franc, up 0.1% versus the Australian and Canadian monies as well as sterling but down 0.2% relative to the yuan and […] More
Market Jitters as January 20th Nears
January 9, 2017
European share prices have so far today lost 1.6% in Italy, 0.8% in Greece, 0.6% in Spain, 0.5% in Germany, and 0.3% in Switzerland. Japanese markets were shut for Coming of Age Day. Stocks elsewhere in the Pacific Rim rose 0.9% in Australia and 0.5% in China and New Zealand but fell 0.6% in Indonesia. […] More
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
More Surprises
January 3, 2017
German inflation accelerated sharply in December. The Chinese manufacturing purchasing managers index compiled by Caixin rose a full point to a 47-month high of 51.9 in December. The production subindex reached its best level since January 2011. A Kuwaiti decision to reduce oil production sent WTI crude up 2.1% to $54.87 per barrel, highest since […] More
