German IFO index
Weighted DXY Dollar Index Touched an 11-Week High Overnight Ahead of Powell’s Speech Today
August 25, 2023
Fed Chairman Powell’s speech at the annual Jackson Hole Monetary Policy Symposium begins in about 15 minutes. He’s expected to stress the themes that there’s no alternative to the goal of restoring sustained in-target inflation, that more work has to be done, that quite a while longer must pass before officials can even think of […] More
Markets Stymied by Covid
January 25, 2021
The more contagious variant strains of Covid-19, tightening lockdowns in several countries, and Republican senator misgivings about undertaking another large fiscal stimulus have world investors unsure about what lies next for the world economy. The confusion can be seen in mixed financial market results. Stock markets rose today by 2.4% in Hong Kong, 2.2% in […] More
Australian Dollar Sinks 1% against U.S. Counterpart
April 24, 2019
Australian dollar weakness, evidence of gloomier business conditions in Germany, and a review of Canadian monetary policy highlight today’s market and economic developments. Softer-than-expected consumer price inflation depressed Australia’s currency by spurring speculation that the Reserve Bank of Australia might cut its 1.5% Official Cash Rate further. Consumer prices were flat on quarter in 1Q, […] More
Dollar, Stocks, and Bond Yields Drop
March 27, 2017
Markets reacted poorly to the scrapped U.S. health care bill. Disappointment transcends Trump’s inability to secure this promised deal. The repeal and replacement of Obamacare was intended to generate cost savings to the government needed to finance planned tax cuts. Tax reform will now be associated with larger fiscal deficits than had been planned, so […] More
German IFO Figures Better Than Expected inn Otherwise Uneventful Overnight Session
March 25, 2015
The dollar moved 0.4% lower against the euro overnight and also lost 0.2% versus sterling and 0.1% relative to the yen, kiwi, Aussie dollar and Swiss franc. The U.S. currency is unchanged against the loonie and has recouped 0.1% vis-a-vis the yuan. Stocks in the Pacific Rim fell 0.8% in Indonesia and China, 0.7% in […] More
Euro Trading Back Above $1.4000 But Greek Problem Persists
May 24, 2011
The euro, which touched a low of $1.3969 on Monday, recovered to $1.4108, 0.4% stronger than Monday’s close. The dollar is also down overnight by 1.0% against the kiwi, 0.6% versus the Aussie dollar, 0.4% relative to the Swiss franc, 0.3% against the yen and sterling, and 0.1% versus the Chinese yuan. Stocks have stabilized […] More
German IFO Survey Lifts Euro
January 21, 2011
The euro advanced as high as $1.3569 overnight, its strongest value since November 23, and shows a net gain of 0.4% against the dollar. The U.S. currency is also down 0.4% against the Swiss franc, 0.2% versus the yen and 0.1% against the Canadian dollar. The greenback shows no change relative to the yuan, Aussie […] More
