German IFO business climate
Softer Business Confidence, A Rate Hike in Iceland, and Awaiting Clarification of Fed Policy Plans
August 25, 2021
The Jackson Hole annual central banker conference begins tomorrow at which investors hope to glean greater clarification of the Fed’s exit strategy. The Delta Variant’s wave of higher coronavirus infections has cast a shadow over how aggressively Federal Reserve officials will taper quantitative monetary stimulus. Global infections are closing in on the 215 million level. […] More
Last Meaningful Week of 2020 Drawing to Close
December 18, 2020
Ahead of the approaching year-end holidays, this week saw a rush of central bank policy reviews and data releases, many coming a couple of days earlier in December than is customary in other months. Foreign exchange trading tends to lose some breadth and depth in the final weeks of December, making currency relationships prone to […] More
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
