Japanese corporate service prices

Dollar Mostly Unchanged Overnight, Share Prices and Sovereign Debt Yields Slip a Bit

November 26, 2019

The dollar is unchanged from Monday closing levels against the yen, Swiss franc, kiwi and Australian dollar and has moved no more than 0.1% versus the euro, loonie, yuan and peso. A bigger dollar change of 0.4% occurred against sterling. The 10-year British gilt yield fell three basis points. Ten-year U.S. Treasury, German bund, and […] More

Continuing Confusion over Status of U.S.-Sino Trade Dispute

August 27, 2019

Monday’s mixed signals about whether there had been a weekend overture between Trump and Chinese officials to resume trade talks has not been clarified. The yuan meanwhile slid another 0.1% on net and touched an intra-day low of 7.1692 per dollar, 4.0% lower than its end-July value. Against other key currencies overnight, the dollar fell […] More

A Risk Averse Tuesday

June 25, 2019

Persistent concerns about U.S. relations with Iran and China are weighing on stocks and lifting the price of gold. Another worry is the greater perceived likelihood of a non-negotiated Brexit. Share prices in Asia fell 1.2% in Hong Kong, 0.9% in China, 0.7% in Taiwan and 0.4% in Japan. Stocks in Europe have declined so […] More

Equities Revive as Markets Look Ahead to FOMC and Kavanaugh Hearing

September 25, 2018

The FOMC is expected to raise its interest rate tomorrow. New forecasts will be released, and Powell presides over a press conference. A third woman has surfaced, accusing Supreme Court nominee Kavanaugh of sexual misconduct. The Senate Judiciary Committee hearing is set for Thursday. The third event of this upcoming three-ring circus will be the […] More

Paused Rise of Dollar and Sovereign Debt Yields but Commodity Rally Continued Overnight

April 24, 2018

The dollar slipped overnight by 0.2% against the Aussie dollar and sterling and 0.1% versus the euro. The kiwi and yen fell 0.3%, while the loonie is flat. The ten-year Treasury yield eased back a basis point and, at 2.97%, remains below the key 3.0% threshold. Ten-year German bund, British gilt and Japanese JGB yields […] More

Little Change in Dollar after Long Thanksgiving Holiday Break

November 27, 2017

The dollar turned into the final week of November, showing no overnight net movement against the loonie, Australian dollar or sterling, a dip of 0.1% against the euro and a 0.1% uptick relative to the Swiss franc. Slightly larger declines of 0.4% have occurred against the kiwi and yen. Commodity prices fell rather significantly. West […] More

Stocks Up, and Peso Recovery Extended

June 26, 2017

Equities began the final week of the second quarter mostly on a rising note, with gains of 1.3% in Taiwan, 0.9% in China and Hong Kong, 0.6% in New Zealand, 0.4% in South Korea and 0.1% in Japan and Australia. Several markets were shut for the end of Ramadan. Share prices in Europe have advanced […] More

Dollar Buoyancy Especially Against the Kiwi

September 25, 2014

The New Zealand dollar (a.k.a. the kiwi) plunged 1.6% overnight to a one-year low of $0.7944 against the U.S. currency, as RBNZ Governor Wheeler elaborated upon his recent claim that the current kiwi level is “unjustified and unsustainable.”  The Australian dollar lost as much as 1.0% to USD 0.8791, a 7-month low, as a top […] More

Fresh Worries about Iraq and Ukraine

June 25, 2014

  Risk-off psychology staged a return.  Stock prices and sovereign debt yields are lower.  So are emerging market currencies like the Indonesian rupiah.  However, the dollar is generally steady, and oil and gold prices are higher. Sunni rebels control more of Iraq territory. The cease-fire in Ukraine was violated by pro-Soviet rebels. U.S. 1Q GDP […] More

Little Change in the Dollar Ahead of U.S. Data

May 27, 2014

The dollar was narrowly mixed overnight, with gains of 0.2% against the yuan and 0.1% relative to the kiwi, Swissie and sterling, no change versus the yen and euro and dips of 0.2% vis-a-vis the Australia and dollar and 0.1% relative to the Canadian dollar. There is a busy U.S. data release calendar this Tuesday, […] More

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