Japanese current account

Dollar and Sovereign Debt Yields Rise, while Equities Slip Further

October 9, 2018

Markets remain risk averse today. The dollar appreciated 0.4% against the euro, 0.3% versus the loonie, peso and kiwi, 0.2% relative to the Swiss franc, Aussie dollar, and sterling, and 0.1% vis-a-vis the yen. Share prices fell 1.3% in Japan, 1.0% in Australia, 0.7% in New Zealand, 0.6% in Indonesia, and 0.5% in Singapore and […] More

Sterling Continues to Stumble on Hard Brexit Fears

August 8, 2018

Sterling hit new 2018 lows of EUR 0.9019 and $1.2859. The dollar is 0.6% stronger against the pound than its Tuesday closing level. The dollar is also up 0.3% versus the loonie, down 0.3% relative to the yen, and barely changed against the euro, Swiss franc, Aussie dollar or kiwi. Asian stocks were mixed Wednesday, […] More

Can’t Trust Mondays

July 9, 2018

Trade disputes haven’t been resolved, but global equities and emerging market currencies have risen with the second quarter earnings season now close at hand. Japan’s Nikkei closed 1.2% stronger, and share prices elsewhere in the Pacific Rim rose by 2.5% in China, 2.0% in Indonesia, 1.7% in Hong Kong, 1.2% in Singapore, 1.1% in Taiwan, […] More

Recent Dollar Gains Trimmed

May 10, 2018

The dollar traded down overnight by 0.9% against the peso, 0.3% relative to the loonie, 0.4% vis-a-vis the Australian dollar, 0.3% versus the euro and Swiss franc, 0.2% against the yuan, and 0.1% versus the yen. There’s been an Israeli air strike on Iranian targets in Syria, lifting fears that tensions will continue to escalate […] More

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

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