French CPI

Solid Day for the Dollar But Stocks Struggle in Several Markets

February 20, 2020

The euro slid overnight to a 1-year low of $1.0777, and the dollar also hit a 42-week high against the yen of 112.18 and to close to an 11-year peak of 0.6617 per Australian dollar. Sterling fell to $1.2849, a quarterly low, and the yuan weakened 0.4% and past the 7.000 per dollar threshold. The […] More

Markets Guided by Fresh Urge to Seek Safety

January 3, 2020

Safe haven currencies like the dollar and yen rose overnight. Investors shifted funds out of stocks, which had soared Thursday, into fixed income securities. 10-year sovereign debt yields fell five basis points each in the U.S., Germany and Great Britain. Equity markets dropped 0.8% in Japan, 0.6% in Indonesia and Australia, and 0.4% in India […] More

Central Bankers Less Confident about What To Do

February 21, 2019

FOMC minutes from the late January policy review clarified that the Committee’s new buzz word “patience” reflects uncertainty as to what outlook the latest economic data and other factors may be implying. “In light of the range of uncertainties associated with global economic and financial developments, the Committee decided that it was not useful at […] More

Risk-Off Mood in Financial Marketplace

June 14, 2018

Investors are reacting Thursday to An increasing likelihood of four Fed rate hikes this year and three more in 2019 following yesterday’s federal funds rate increase and hawkish press conference. News today from the European Central Bank that monthly asset buying will be sliced in half to EUR 15 billion from October and eliminated altogether […] More

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