Japanese all-industry index

Difficulties for Emerging Market Currencies Despite Lower Chinese Money Market Rates

February 19, 2014

Bloody street unrest with deaths reported in the Ukraine and Thailand have generated selling pressure on a wide spectrum of emerging market currencies overnight, including the hryvnia, baht, rand, ruble, forint, zloty, and koruna. Investors await FOMC minutes due at 19:00 GMT today and in the meantime are perusing an unexpected rise in the British […] More

Beyond the Taper

December 19, 2013

In the wake of yesterday’s Federal Reserve “taper” initiative, the dollar is higher, the yen is softer, 10-year sovereign debt yields are up, U.S. share prices are holding onto most of their gains, European stocks have rallied, and perhaps most dramatically of all, gold has plunged another 3.3% and is below $1200 per ounce. New […] More

New Zealand and Australian Central Banks in Spotlight

August 20, 2013

Central bank remarks, concerns about China, and softer commodities weighed on the kiwi and Aussie dollar, which respectively fell by 1.0% and 0.5% against their U.S. counterpart. Governor Wheeler of the Reserve Bank of New Zealand announced planned bank lending curbs to rein in house price inflation to be used in lieu of a hike […] More

Equities Closing Week on a Down Note

July 19, 2013

Microsoft and Google reported weaker-than-expected earnings, sending both stocks lower in after-hours trading. Japan’s upper house election on Sunday and ongoing worries about the extent of China’s slowdown are other uncertainties. In his reprised testimony before the senate Thursday, Fed Chairman Bernanke continued to send a mixed, and therefore somewhat confusing, message.  While not backing […] More

Weaker Sterling and Kiwi

February 20, 2013

Dovish gestures from the Governors of the Bank of England and Reserve Bank of New Zealand are weighing on their respective currencies. BOE Governor King, whose 10 years on that job end at mid-2013, joined the minority in a 6-3 vote not to expand quantitative easing according to minutes of the February 6-7 meeting.  This […] More

For a Change Some Good News to Lift Risk Appetite

December 20, 2011

The dollar lost 1.0% against the Australian dollar, 0.9% versus the kiwi and sterling, 0.6% relative to the loonie, euro and Swissie, and 0.1% against the yen.  The yuan is steady.  Pre-Christmas thin trading volume has arrived, so feedback from the market needs to be taken with a grain of salt. The German Dax and […] More

German IFO Survey Lifts Euro

January 21, 2011

The euro advanced as high as $1.3569 overnight, its strongest value since November 23, and shows a net gain of 0.4% against the dollar.  The U.S. currency is also down 0.4% against the Swiss franc, 0.2% versus the yen and 0.1% against the Canadian dollar.  The greenback shows no change relative to the yuan, Aussie […] More