German ZEW expectations index

Dollar Draws Strength from Coronavirus and Lower Financial Market Confidence in Euroland Economic Outlook

February 18, 2020

Share prices fell today by 1.5% in Hong Kong and South Korea, 1.4% in Japan and 1.0% in Taiwan. Equity markets are down in Europe by 0.9% in the U.K., 0.7% in Germany, 0.5% in France and 0.4% in Switzerland. Risk aversion is also reflected in fixed income markets, where 10-year sovereign debt yields have […] More

Little Overnight Change in the Dollar

December 10, 2019

The dollar rose 0.3% against sterling and the Australian dollar but shows nil overnight change otherwise. Stocks were narrowly mixed in the Pacific Rim and are down slightly in Europe. There been little share price movement in the U.S. thus far today. Ten-year sovereign debt yields firmed three basis points in Great Britain as the […] More

Confusion on Many Fronts

October 15, 2019

Details of the Phase I trade deal that U.S. President Trump proclaimed last week remain vague, and it’s unclear even if the Chinese and U.S. negotiators reached any kind of common ground to commit to writing. The pendulum of investor expectations about where trade talks are heading continues to swing wildly by the day and […] More

Marking Time

September 17, 2019

Ahead of the FOMC’s interest rate decision on Wednesday, the dollar moved overnight by no more than +/-0.1% against the euro, yen, Swiss franc, loonie and sterling. The dollar separately rose 0.5% versus the Australian dollar after a signal that Aussie monetary policy might be eased further, and gains were made of 0.4% relative to […] More

Peso Panic and Some Deescalation of the U.S.-Sino Trade dispute

August 13, 2019

Sunday’s primary election in Argentina served notice that populism is making a big comeback there and has generated a stampede out of the peso (down nearly 22%) and local stocks, whose share prices tumbled nearly 50% and by the second largest day-to-day slump in seven decades. Investors fear a return to protectionism and other state […] More

Stronger Dollar

July 16, 2019

The dollar strengthened overnight by 0.9% against sterling, 0.6% relative to the peso, 0.4% versus the euro and Swiss franc, 0.3% vis-a-vis the yen, 0.2% against the Aussie dollar and 0.1% versus the kiwi. In other euro cross-rate developments, sterling weakened to a half-year low against the common currency, but the Swiss franc is hovering […] More

Upbeat Tone to Tuesday’s Data Reflected in Stocks and Bonds

April 16, 2019

Share prices rose 2.4% in China, 1.2% in Hong Kong, 1.0% in India, 0.8% in New Zealand, 0.7% in Indonesia, and 0.2% in Japan. Stocks in Europe show gains of 0.7% in both Germany and Switzerland and 0.4% in Great Britain. Ten-year U.S. Treasury and German bund yields advanced another basis point, and the dollar […] More

Stocks Rebound Somewhat but Situation Still Unstable

November 13, 2018

With the G20 summit in Argentina on November 30 – December 1 fast approaching, U.S. Treasury Secretary Mnuchin and Chinese Vice Premier Liu Yandong discussed trade issues in a phone conversation, the first high-level U.S.-Sino talks of any sort on this explosive issue. A breakthrough was not reported, but some equity markets bounced higher after […] More

Stock Prices Heading South

September 11, 2018

Fears that the Sino-U.S. trade war is about to escalate sharply weighed on global stock markets. Another concern is Hurricane Florence, a category 4 storm in the Atlantic that’s headed for landfall in the Carolinas sometime around Friday. Over 1 million people are fleeing their homes. Today is the 17th anniversary of the Al Qaeda […] More

Weak European Data Out but Little Fresh News on the Trade War Front

July 10, 2018

The dollar overnight gained 0.4% against the yen, 0.3% relative to the euro, Swiss franc and yuan, 0.2% versus the kiwi and 0.1% relative to the Australian currencies and the loonie. The Trump Administration has flipped the U.S. political theme from tariffs, which rattled markets last week, to the president’s supreme court justice choice announced […] More

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