Japanese current account

Equity Market Volatility Picks Up

February 8, 2018

It’s been another difficult day for equities. Today’s session started fine enough, with gains of 1.0% in India, 0.5% in South Korea where the Winter Olympics are getting under way, and 0.4% in Hong Kong. These up-moves balanced declines of 0.4% in Japan and 1.4% in China where a considerably smaller trade surplus for January […] More

Dollar Slide Accelerates Against Several Key Currencies

January 12, 2018

The dollar dropped overnight by 0.9% against the euro, 0.7% relative to the yuan and sterling, and 0.5% versus the Swiss franc and Mexican peso. The catalyst for this accelerated decline was a tentative political plan in Germany between the center-right Christian Democrats and center-left Christian Socialists to form a new “grand coalition.” Those two […] More

A Rebound in Sovereign Bond Yields but Softer Stocks and Dollar

November 9, 2017

The dollar fell 0.5% overnight against the yen, 0.3% versus the euro and Swiss franc and 0.1% relative to the loonie. The Australian dollar and sterling are unchanged, and the kiwi, yuan and peso dipped 0.1%. Share prices eased 0.7% in Taiwan, 0.3% in New Zealand and 0.2% in Japan. Equity losses today in Europe […] More

Civilization Under Strain

October 10, 2017

Catalan is the latest place to see tribal forces running amuck. The separatist leader Carles Puigdemont appears poised to declare complete or perhaps qualified independence from Spain, setting the stage for more violence with Spanish police. The IBEX has declined 0.9%. The dollar is on its heels following holidays Monday in The U.S., Japan, Canada […] More

Significant Further Drop in Sovereign Debt Yields

February 8, 2017

Ten-year sovereign debt yields are down five basis points in Germany, Spain, Italy and the U.K. and by 3 bps in U.S. Treasury futures. The dollar firmed 0.1% against the euro overnight but is otherwise slightly lower, having slipped 0.4% against the yen, 0.3% relative to the Canadian currency and Mexican peso, 0.2% against the […] More

Sinking Dollar

January 12, 2017

President-Elect Trump’s press conference yesterday was contentious and uninformative with regard to coming policy specifics, leaving investors confused, disillusioned and scared. The dollar, which had rallied since the U.S. election, suffered significant overnight losses against advanced and emerging market currencies alike. The greenback lost 1.2% against the yen and peso, 1.0% relative to the kiwi, […] More

Across-the-Board Dollar Strength

October 11, 2016

A well-bid dollar this Tuesday reflects mounting confidence the Fed will soon raise interest rates, a belief that the U.S. economy is sufficiently resilient to handle monetary tightening, and presidential opinion polls indicating a wider lead for Clinton. Dollar strength has been accompanied by share price gains in Europe, softer emerging market stock markets, higher […] More

Lower Yen and Stronger Norwegian Krone as Oil Recovers

May 12, 2016

WTI oil rose 0.9% to a six-month high above $46/barrel after indications of a diminishing supply glut.  Comex gold fell 0.5% overnight. The dollar rebounded 1.4% against the yen.  Norway’s krone advanced 1.1% against the euro.  The dollar climbed 0.6% relative to the Aussie dollar but is narrowly mixed versus sterling, the Swiss franc, the […] More

Weaker British Pound and Russian Ruble

January 12, 2016

The dollar advanced 0.8% against sterling on a disappointing U.K. industrial output report. The dollar is 0.7% stronger against the ruble on a further 0.4% slide in oil prices.  WTI crude petroleum fell another 0.4% to $31.29 per barrel. The dollar is just 0.1% firmer against the yen, showing little reaction to a slew of […] More

Chinese CPI Inflation Fell to 5-Month Low

November 10, 2015

The dollar showed little net change overnight, firming 0.3% against the euro and 0.1% relative to the Swiss franc, falling 0.1% vis-a-vis the loonie, Aussie dollar and sterling, and staying flat versus the yen, kiwi and yuan. Share prices slumped 1.7% in Hong Kong, 1.5% in India, 1.4% in South Korea, 1.1% in Indonesia and […] More

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