French consumer confidence
Marking Time Amid an Eclectic Assortment of Data Reports
August 26, 2020
There’s been no dominant market theme Wednesday. Investors await the virtual Jackson Hole central banker symposium that kicks off tomorrow with a widely awaited speech from Fed Chairman Powell. The RNC provided more red meat to the pro-Trump faithful on its second night. Optimism persists that the United States and China will avoid all-out trade […] More
Decline Continues in Equity Markets
February 26, 2020
The dollar climbed overnight by 0.6% against sterling, 0.5% relative to the Australian dollar, 0.3% versus the yen and peso, 0.2% vis-a-vis the loonie, and 0.1% against the yuan. The dollar also extended its uptrend against several developing country currencies like the South African rand and South Korean won. Alternatively, the dollar dipped 0.2% against […] More
Dollar Firms Modestly; Equity Markets are Mixed
January 8, 2020
The dollar recorded overnight gains of 0.3% against the euro, 0.2% versus the yen and sterling, and 0.1% vis-a-vis the loonie. The dollar remains unchanged relative to the yuan, Swiss franc and kiwi. ADP estimates that U.S. private-sector employment increased last month by a robust 202k, beating November’s result and exceeding analyst expectations. There was […] More
Important Decisions Later Today in the Long Brexit Saga
January 29, 2019
The major dollar relationships have moved 0.2% or less overnight. President Trump’s State of the Union Address has been reset for February 5th. Originally, it would have been today but was delayed because of the federal government shutdown. That leaves today’s major object of market attention fixed on Britain’s Parliament, where a series of votes […] More
Concerns about Western Growth and Chinese Money Markets
September 26, 2013
The dollar fell 0.6% against the kiwi overnight but is otherwise narrowly mixed with upticks of 0.2% against the euro and yen and 0.1% versus the Swiss franc and sterling but downticks against other commodity-sensitive currencies like the loonie (0.1%) and Aussie dollar (0.2%). China’s yuan held unchanged. China’s central bank made another large liquidity […] More
