German PPI
Japanese Surprise
December 20, 2022
At the last scheduled Bank of Japan policy review in 2022 and with Governor Kuroda’s decade-long tenure approaching its April 2023 end, the Board decided to double the allowable daily trading corridor of the 10-year JGB yield from +/-0.25 to plus or minus 0.50 percentage points around a central target of “around zero percent.” The […] More
Dollar and Sovereign Debt Yields Lower, while Equities Rebound
November 22, 2022
The dollar fell overnight by 0.8% against the Swiss franc, 0.5% versus the yen and sterling and 0.3% relative to the euro, Aussie dollar and loonie. Ten-year sovereign debt yields dropped six basis points in the U.S., four bps in the U.K. but just a basis point in Germany. The DOW and S&P 500 are […] More
Dollar Gain Fueled by Higher Interest Rates, but Stocks and Bitcoin End Week on Very Sour Note
August 19, 2022
Ten-year sovereign debt yields soared overnight by 13 basis points in Germany and the U.K. and by 8 bps in the United States. A parade of remarks from Fed officials to dissuade any thought of an early end to aggressive monetary tightening was backed up by hawkish FOMC minutes released this week. The dollar appreciated […] More
Rising Inflation Dampening the Mood of Consumers Around the World
May 20, 2022
Amid bear markets, investors periodically test the waters in search of good values. Today has been one such day. The week will end with huge net share price declines, but on this Friday equities closed up 3.0% in Hong Kong, 2.9% in India, 1.8% in South Korea, 1.6% in China and Singapore, 1.4% in Indonesia […] More
China Plane Crash, Japanese Holiday, No Let-Up in Ukraine Clash, and a Percentage Point Hike in Egypt’s Central Bank Interest Rate
March 21, 2022
The dollar rose overnight by 0.4% against sterling and the Aussie dollar, 0.2% versus the Canadian dollar, 0.2% relative to the Canadian dollar, and 0.1% against the Swiss franc, euro, peso, and Turkish lira. With Japanese domestic markets closed for the Vernal Equinox, dollar/yen has remained steady. Capital controls continue to stabilize the Russian ruble […] More
Conflicting News on Russian/Ukraine Crisis
February 21, 2022
The one certainty at the Ukraine border is that a full-scale Russian invasion has not begun. Beyond that, its unclear whether to be more or less frightened about prospects than before the weekend. U.S. President Biden has agreed conditionally to meet with Russian President Putin. The condition is that Russian not invade before such talks, […] More
Dollar Ending Pre-Thanksgiving Week on a Strong Note, but Equities and Bond Yields Wobbly
November 19, 2021
The weighted DXY dollar index advanced 0.4% overnight, climbing 0.7% against the euro, 1.2% versus the Turkish lira, 0.5% relative to the Australian dollar, kiwi and sterling, 0.4% vis-a-vis the Canadian dollar but just 0.1% against the Swiss franc, which traditionally thrives when global inflation becomes a concern. News today on the Covid-19 front has […] More
Financial Market Sell-Off
September 20, 2021
Investors are worrying the Congress will this time fail to raise the debt ceiling, whose limit will be reached during October. Many earlier games of chicken over raising the debt ceiling have always been averted, but political divisiveness has never been so raw since the convention of debt ceilings were adopted. The consequence of not […] More
Week of Bad News Limping to a Close
August 20, 2021
Equity markets experienced another difficult day in Asia but have showed scant net change so far in Europe or the United States. Share prices closed down 1.8% in Hong Kong, 1.2% in South Korea, 1.1% in China and 1.0% in Japan. The weighted DXY dollar index touched a 9-month high of 93.73 overnight but is […] More
Dollar and Yen Continue benefiting from Post-FOMC Risk Aversion
June 18, 2021
The dollar edged 0.1% higher overnight against its weighted DXY index to its strongest level since April 12. In bilateral terms, the U.S. currency advanced 0.4% against the Australian dollar, 0.3% versus the New Zealand dollar and sterling, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the loonie, but the dollar dipped 0.1% against […] More
