German industrial orders

Another Day Closer to Yearend and a Downgrade of Greek Debt

December 6, 2012

The currency markets are mostly calm.  The dollar is unchanged against the euro and loonie, down 0.1% relative to the yen and sterling, and up 0.1% versus the yuan and Swiss franc.  The U.S. currency has lost 0.4% against the kiwi and 0.3% versus the Australian dollar. Stock market movements overnight have been diverse.  Japan’s […] More

Judgement Day in America

November 6, 2012

Today’s U.S. presidential election outcome is generally considered too close to call.  Representing world opinion, the Economist and Financial Times endorsed Obama despite reservations about his first term. In a surprise to many analysts, the Reserve Bank of Australia declined to cut the 3.25% Official Cash Rate further.  The Aussie dollar has climbed 0.7% against […] More

Currency Markets Quiet

August 7, 2012

The dollar has edged down 0.1% against the loonie, euro, Swissie, Aussie dollar and yuan.  The greenback is unchanged against the kiwi, 0.3% lower versus sterling and 0.1% firmer relative to the yen. Share prices rose 1.1% in India and 0.9% in Japan overnight.  Smaller equity gains were posted of 0.6% in New Zealand, 0.4% […] More

European Voters Say No Mas to Austerity

May 7, 2012

Socialist Francois Hollande was elected President France, defeating Nick Sarkozy, who became Euroland’s 11th incumbent leader to be kicked out of office since the start of the sovereign debt crisis in 2009.  Hollande favors stronger fiscal stimulus and campaigned on a promise to renegotiate the EU treaty on fiscal discipline.  Voters split 51.9% for Hollande […] More

Weak Data and Super Tuesday Results

March 7, 2012

Australian GDP rose only 0.4% last quarter, half as much as forecast.  A 4.7% decline in Australia’s terms of trade was the greatest quarterly slump in a couple of years.  On-year growth decelerated to 2.3% from 2.5% in 3Q.  Australia’s construction PMI index worsened further to a reading of 35.6 in February from 39.8 in […] More

Share Prices Up Ahead of ECB Press Conference

October 6, 2011

The dollar dropped 0.8% and 0.6% overnight against the Australian and New Zealand currencies.  The greenback also lost 0.3% against the yen, 0.2% versus sterling and 0.1% relative to the euro.  The Canadian dollar, Swiss franc and Chinese yuan are unchanged. With China still closed, share prices in the Pacific Rim advanced 4.6% in Indonesia, […] More

Weaker Yen and Dollar

April 6, 2011

The dollar climbed above JPY 85.0 for the first time since last September 24, edging up 0.2%.  The dollar otherwise lost 1.0% against the Swiss franc, 0.8% versus the kiwi, 0.5% relative to the Australian dollar and euro, and 0.3% against the Canadian dollar.  The greenback is unchanged against sterling and the yuan. Stocks in […] More