German IFO Business climate index

Euro Dips Briefly Below $1.05

February 22, 2017

Concerns that European nationalism may break the EU apart caused the euro to dip to an overnight and 6-week low of $1.0493 and 10-year sovereign debt yields to fall five basis points in The Netherlands, 4 bps in Germany, 3 bps in France, Italy and Britain. Equity markets in Continental Europe are down 1.0% in […] More

Unsettled Day

November 24, 2015

Turkey claims to have downed a Russian warplane. Investors now attach nearly a 3-in-4 probability to the Fed funds rate being raised in December, according to market indicators. The euro is trading in the mid-1.06s to the dollar, and the yen is hovering around 122.5. Stock prices are lower in Europe.  German, British and Italian […] More

A Collapse in Chinese Equities

July 27, 2015

An 8.5% drop in the Chinese Shanghai Composite Index was the biggest daily decline since February 2007 and depressed investor sentiment in other markets, where stocks fell 4.0% in Hong Kong, 2.4% in Taiwan, 2.0% in India, 1.8% in Indonesia 1.2% in Singapore and 1.0% in Japan.  In European trading, equities are down already by […] More

Kiwi Stronger

April 24, 2013

The New Zealand dollar, known as the kiwi, got a lift from the central bank policy statement.  Although the Official Cash Rate was left at 2.5% and the monetary policy outlook predicting the OCR will likely remain at that low level all year was also not changed, investors reacted to an upgraded assessment of New […] More

New Lows for Yen & Sterling and Highs for Euro

January 25, 2013

Currencies hit new 2013 extremes overnight.  The yen fell as low as 91.03 per dollar and 122.315 per euro.  The euro touched a high of $1.3465, while sterling slipped as low as $1.5746. On balance since the Thursday close, the dollar rose 0.6% against the yen, 0.2% versus the loonie, and 0.1% relative to the […] More

Dollar’s Turn to Decline

July 25, 2012

Wednesday trading has seen a slight correction.  The dollar has fallen 0.7% against the euro, which is back above $1.2100.  The dollar also fell by 0.7% relative to the Swiss franc and is off 0.5% versus the Australian dollar, 0.4% against the loonie, and 0.3% vis-a-vis the kiwi.  The dollar is 0.1% higher against the […] More

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