Japanese and German current accounts
Atypically High Amount of Data Reported This Monday
September 9, 2019
Data releases rather than market action were in today’s spotlight. Japanese real GDP growth last quarter was revised downward by a half percentage point to an annualized 1.3% from the first quarter. Business investment and exports were weaker than estimated initially. Real GDP was 1.0% greater than in the second quarter of 2018, and the […] More
Political Fireworks but Markets Calm, Awaiting FOMC Announcement
November 8, 2018
U.S. Attorney General Sessions is out and will be replaced by someone critical of the Mueller investigation. President Trump wasted little time adopting a very confrontational stance to the Democratic majority in the House. The FOMC is not expected to hike interest rates today. No press conference is scheduled, but expectations are widespread that there […] More
Market Focused on Russia, China and Hungary
April 9, 2018
Amid concern over the impact of economic sanctions against Russia, the dollar has appreciated 3% against the ruble, and Russian equities plunged some 11% today. Facebook CEO Mark Zuckerberg will be testifying before Congress tomorrow and Wednesday. Expectations about how trade tensions between the United States and China get resolved continue to see-saw day-by-day, if […] More
Euro Hits New 2012 Low against the Dollar
July 9, 2012
The dollar is 0.2% softer on balance against the euro and Swiss franc but earlier touched $1.2256. Before the weekend on Friday, the common European currency got as weak as $1.2259, breaking below the prior 2012 low of $1.2289 set on June 1. The dollar has edged 0.1% lower against the yen but shows gains […] More
