Japanese all-industry index

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