German industrial production

Currency Markets Stabilize Ahead of U.S. Jobs Report

September 5, 2014

In contrast to yesterday’s sharp advance, the dollar overnight was on balance unchanged against the loonie, kiwi, yuan, and yen — but not before breaking through a key support to a 6-year peak of JPY 105.72 earlier.  The dollar’s down 0.1% versus the Swissie and euro (after an overnight high of 1.2922 per EUR) and […] More

Markets Hardly React to Weak German Industrial Output Report

July 7, 2014

The dollar was unchanged overnight against the euro, Swiss franc, kiwi, Aussie dollar and yuan.  The greenback gained 0.2% versus sterling and 0.1% against the loonie but edged 0.1% lower relative to the yen. European stocks opened the week marginally lower following good gains last week.  Japan’s Nikkei lost 0.4%.  Equities rose 0.5% in India […] More

Many Central Banks Meet — Most Retain Existing Policy Stances

May 8, 2014

Central banks in Malaysia, Indonesia, Norway, and the Philippines left key interest rates unchanged at 3.0%, 7.5%, 1.5% and and 3.5%, respectively.  All these actions were as expected.  The National Bank of Serbia, in contrast, cut its key policy interest rate to 9.0% from 9.5%.  Next up is the Bank of England, then the ECB […] More

Post-Jobs Report Drop in Equities Extended in Europe

April 7, 2014

On an otherwise light day, share prices have fallen 1.2% in Frankfurt, Germany, 0.9% in Zurich, 0.7% in Paris and London and 0.5% in Milan and Madrid.  In the Pacific Rim, Japan’s Nikkei slumped 1.7%, and stocks dropped by 0.9% in New Zealand, 0.6% in Singapore and Hong Kong but advanced 0.8% in the Philippines.  […] More

Euro strengthens Past $1.3900 ahead of U.S. Jobs Report

March 7, 2014

Markets continued to push the euro higher after the ECB dug in its heels against more stimulus.  Russian President likewise hasn’t stood down, fanning fear of a Russian assault in the Crimea.  U.S. and Canadian labor market and trade figures are due at 13:30 GMT. The dollar lost 0.3% versus the euro is 0.4% weaker […] More

More Signs of Europe Improving

January 9, 2014

The dollar is narrowly mixed ahead of the ECB press conference.  The Bank of Korea and Bank of England already have announced unchanged policy stances.  The dollar is up 0.3% against the Australian dollar, 0.2% versus the kiwi and loonie and 0.1% relative to the yuan and yen but has eased by 0.2% against the […] More

For a Monday, it’s Been Busy

December 9, 2013

Share prices in India rallied 1.6% on the opposition’s victory in state elections over the weekend.  In other Asia markets, stocks climbed 2.3% in Japan, 1.0% in South Korea, 0.9% in Taiwan and 0.8% in Malaysia and Indonesia.  Equities fell 0.8% in Australia and dipped 0.1% in China and the Philippines.  The Spanish IBEX and […] More

Softer Kiwi and Dollar

May 8, 2013

In testimony, Governor Wheeler of the Reserve Bank of New Zealand disclosed that the central bank had conducted currency intervention recently to counter a significantly overvalued exchange rate.  It’s been some five years since the bank last intervened.  The kiwi has slipped 0.4% in response against its U.S. counterpart. The U.S. dollar otherwise has lost […] More

Monday Focus on Japan and China

April 8, 2013

Weekend coverage of the Bank of Japan’s stimulus continued to emphasize that such exceeded all expectations and enjoyed the approval of almost the entire central bank Board.  In this euphoria, Japan’s Nikkei closed up 2.8% at 13,193, its best closing level since August 12, 2008 (exactly a month before the Lehman Brothers collapse).  The yen […] More

Focus on Bank of England and ECB

February 7, 2013

The dollar is narrowly mixed with gains of 0.4% against the kiwi, 0.2% versus the euro and yen, and 0.1% against the Australian dollar but declines of 0.3% versus the Swiss franc and sterling and 0.1% relative to the loonie.  The yuan is steady. After Wednesday’s 3.8% leap, the Nikkei settled back 0.9%.  Elsewhere in […] More