German import prices
Sterling Looking a Touch Fragile
December 23, 2019
The weakest major currency this Monday has been sterling, which has slipped below $1.30 and by 0.4% in all from Friday’s close. The U.S. dollar otherwise has been mixed, dipping 0.2% against both the Australian and New Zealand dollars and 0.1% relative to the yen and euro. The dollar alternatively shows slight gains of 0.2% […] More
Tariff War Concerns Rattle Investors
May 28, 2019
President Trump’s predisposition to fight a tariff war that he believes is winnable depressed the 10-year U.S. Treasury yield below 2.30% to its lowest level since October 2017 and weighed on European and Asian share prices. Equities fell 1.1% in Indonesia, 0.4% in New Zealand and 0.2% in Taiwan and Singapore. Stocks in Europe have […] More
Trump Dangles Possibility of Trade Deal with China Before Market Ahead of Mid-Term Election
November 2, 2018
U.S. President Trump claimed trade talk progress after phone conversation with Chinese President Xi Jinping and instructed his cabinet to frame a possible trade deal with China before the G20 summit November 30-December 01 in Buenas Aires. The timing of this development four days ahead of U.S. mid-term elections is conspicuous. Stock markets around the […] More
Dollar, U.S. Stocks, and Treasury Yields Little Changed After Strong U.S. GDP Report
July 27, 2018
U.S. GDP expanded 4.1% last quarter at a seasonally adjusted annualized rate. That was the fastest quarterly pace since the third quarter of 2014, but analysts had anticipated such a figure. Personal consumption, non-residential investment and government spending climbed 4.0%, 7.3% and 2.1%, respectively. Net foreign demand augmented the growth rate by 1.1 percentage points […] More
Monday Rebound of Stocks Extended and Dollar Higher Too
March 27, 2018
Share prices closed up 2.7% in Japan, 1.2% in in Hong Kong, 1.4% in Taiwan, 1.1% in China, 1.0% in New Zealand, 0.8% in Singapore and 0.7% in Australia. In European trading, equities have risen between 1.5% and 2.0% in the U.K., Germany and Switzerland and between 1.0% and 1.5% in France, Spain and Italy. […] More
10-Year U.S. Treasury and German Bund Yields Each Five Basis Points Higher
January 29, 2018
The 10-year Treasury yield exceeds 2.70% for the first time since mid-April 2014. The German 10-year bund yield matched the rise of its U.S. counterpart and has already climbed 25 basis points since end-2017 to 0.67%. Ten-year British gilt and Japanese JGB yields edged a basis point higher overnight as well. President Trump made a […] More
Only Marginal Net Dollar Movement on a Newsworthy Friday
December 22, 2017
The approaching Christmas holiday, which has some markets closing early today, appears to have muted changes in the dollar, which has moved up 0.3% against the loonie, 0.2% relative to the euro, Swissie, and peso, and 0.1% vis-a-vis the yen and kiwi while slipping 0.2% relative to the Aussie dollar, 0.1% against the yuan and […] More
Dollar Strengthens
September 26, 2017
The dollar rose overnight by 0.8% against the kiwi, 0.6% versus the Aussie dollar, 0.5% vis-a-vis the Swiss franc, 0.4% relative to the euro and 0.3% versus the yen, loonie and sterling. Stocks in the Pacific Rim dropped 0.8% in Taiwan, 0.5% in Indonesia, 0.3% in Japan and South Korea, and 0.2% in Australia but […] More
Some Confusion Understanding Central Banker Intentions
June 28, 2017
ECB President Draghi said several things yesterday. A remark that the pendulum of price pressure is shifting away from deflation toward reflation had caught the market’s immediate attention and driven the euro higher, but the ECB today clarified that investors had not given sufficient weight to his other observation that plenty of monetary stimulus is […] More
Brexit Dye is Cast
March 29, 2017
British Prime Minister has signed a letter informing EU governments that Article 50 is being invoked today. This starts a 2-year period of negotiations on the terms for the U.K. leaving the European Union, which will happen on March 29, 2019. Sterling is down just 0.1% against the dollar. The Ftse has lost 0.2% today, […] More
