German IFO business climate

Asian Stocks and Yuan Falter on Last Day of G7 Summit… Germany Gets Some Bad Economic News

August 26, 2019

The Chinese yuan slumped 0.7% against the dollar, touching a new intra-day low of 7.1527. Stock markets around the Pacific Rim fell Monday by 2.2% in Japan, 1.9% in Hong Kong, 1.6% in South Korea, 1.7% in Taiwan, 1.5% in Singapore, 1.3% in Australia and New Zealand and 1.2% in China. U.S. President Trump, who […] More

Dollar Extends January Losses

January 25, 2018

The dollar declined overnight by 0.5% versus the yuan, 0.4% relative to the Swiss franc and sterling, and 0.2% against the euro, yen, and peso. President Trump arrived in Europe to attend the Davos World Economic Forum. His threat of protectionism is now transitioning into actual action. The Governing Council of the European Central Bank […] More

Stocks Pounded Overnight but Dollar Slightly Lower

September 26, 2016

Investors are worried that there’s no escape from the low interest rate global environment, that such will corrode the health of the financial sector, that Donald Trump will be America’s 45th president, and that oil producers will lack the cohesiveness to support energy prices.  The first Trump-Clinton debate starts at 09:00 EDT tonight. Led by […] More

Further Evidence of the German Economic Resilience

October 26, 2015

The dollar fell overnight by 0.4% against the yen, loonie and kiwi, 0.3%relative to the euro and 0.2% against sterling. Share prices rose in the Pacific Rim but mostly are down in Europe.  The changes have been only moderate. The 10-year gilt yield is a basis point lower.  The 10-year JGB firmed a basis point. […] More

Memorial Day Weekend Finds Spotlight on BOJ, China and Germany

May 22, 2015

U.S. markets will be closing early ahead of the Memorial Day Weekend. The dollar strengthened overnight by 0.8% against the euro and Aussie dollar, 0.7% relative to the Swiss franc and loonie, and 0.2% vis-a-vis the yen and sterling.  The kiwi is unchanged. West Texas Intermediate oil fell back under the $60 threshold to $59.82 […] More