French industrial production

Renewed Pressure on Ezone Peripheral Sovereign Debt

February 10, 2017

The dollar rose on speculation that details of growth-supporting U.S. tax reform will be unveiled within a couple of weeks. The U.S. currency rose 0.3% against the yen, euro and sterling, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the Australian dollar and Chinese yuan. The Mexican peso recovered 0.3% following a 50-basis point […] 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

Lower Dollar as Hopes Dim over Nearness of Next Federal Reserve Rate Hike

August 10, 2016

Today’s main financial theme is the persistent weakness of global growth.  The 10-year British gilt yield fell six basis points to a new record low of 0.52% in the U.K. versus 1.43% at the end of May. Ten-year German bund and Japanese JGB yields are 2 basis points lower and each quite negative at -0.10% […] More

Softer Yen on this Japanese Holiday

February 11, 2013

Trading today was subdued by market closures in Japan and China. Japan is celebrating National Foundation Day, a patriotic commemoration of the accession of the country’s first emperor.  China will be shut most of this week for the Chinese Lunar New Year, which ushers in the year of the snake. The biggest news of the […] More

Disturbing Trade Data from China

August 10, 2012

Risk appetite took a hit from poor Chinese trade numbers. Share prices are down 0.9% in Spain, 0.8% in France, 0.5% in Germany and 0.2% in Britain.  Stocks fell by 0.7% in Hong Kong and Australia, 0.5% in China, and 1.0% in Japan. The dollar has advanced 0.6% against the Australian dollar, which fell in […] More

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