Japanese retail sales and industrial production
A Fair Amount of Data Out But Most Markets Not Trading Because of Good Friday
March 29, 2024
The dollar has dipped so far today by 0.3% against the Mexican peso, 0.2% versus the New Zealand and Australian dollars, and 0.1% relative to the euro, yen and sterling. The Swiss franc and Canadian dollar are unchanged. Gold at $2,238 per ounce is close to all-time highs. Share prices closed up 1.0% in China on […] More
Dueling U.S. Economic and Political Concerns
February 29, 2024
Markets today are most focused upon inflation, with investors and analysts expected the U.S. PCE price deflator due shortly to arrive on the high side. For political wonks, however, the paramount issue involves America’s failed immigration system and the dysfunctional Congress that won’t address the problem. Migration favors Trump’s quest for reelection, which if successful […] More
Lots of Data and a Weakening Yen on Final Day of July
July 31, 2023
The dollar rose 0.7% against the Japanese yen but mostly softened against other currencies including drops of 1.0% against the Australian dollar, 0.9% relative to the New Zealand dollar, 0.3% versus the Canadian dollar and 0.1% vis-a-vis the euro. Share prices rose 1.3% in Japan, 0.9% in South Korea, 0.8% in Kong Kong, 0.6% in […] More
A Typical Quarter-End Deluge of Economic Data
March 31, 2023
Prior to the U.S. release of personal income and spending, the dollar was showing overnight gains of 0.4% against the Swiss franc, Japanese yen and Australian dollar and of 0.3% versus the euro and on a weighted basis as measured by the DXY index. Nonetheless, the dollar over the whole first quarter lost ground on […] More
Heavy Data Menu, Updated IMF World Economic Outlook, and the FOMC Begins Two-Day Policy Review
January 31, 2023
On this last day of January, the weighted DXY dollar index has edged 0.1% higher but will post its fourth monthly decline in a row. Overnight dollar rises were strongest against the the Aussie dollar (0.9%), kiwi (0.6%), and sterling and loonie (both up 0.4%), but the euro slid only 0.1%, the Swiss franc is […] More
Third Quarter Ushered Out With Disturbing Inflation Data, More Central Bank Hikes,High Tension in Asia, a Mega-Storm in the U.S. Southeast, and a Strong Dollar
September 30, 2022
The weighted DXY dollar index rose 0.2% overnight but is 2% below Wednesday’s peak. The dollar advanced so far today by 0.4% against the euro, Swiss franc, Australian dollar and sterling but just 0.1% versus the yen. Thursday had seen heavy selling of equities. Share prices today closed down 1.8% in Japan, 1.2% in Australia, […] More
Dollar Trading Near 20-Year High as Markets Digest Data Storm
August 31, 2022
The dollar rose overnight by 0.5% against the Swiss franc and 0.4% versus sterling and continues to hover around parity with the euro. Equity markets closed down 0.8%, 0.6% and 0.4% in China, Singapore and Japan but climbed 2.7% in India and 1.0% in Taiwan. European stock markets are moderately lower, while U.S. share prices […] More
End of November Brings Many Data Reports and Stock Market Pause
November 30, 2020
Dollar losses overnight amounted to 0.4% against sterling, 0.3% versus the loonie, and 0.2% relative to the euro and kiwi. The greenback also rose 0.2% against the Australian dollar and 0.1% vis-a-vis the yen and peso. There’s been no net change against the yuan or Swissy. Some profit-taking took place in stock market trading overnight […] More
Digesting the Debate and a Slew of Quarter-End Data
September 30, 2020
Last night’s U.S. presidential debate was violently repulsive and leaves an embarrassing after-taste. The dollar hasn’t reacted discernibly, however, with gains of 0.3% against the euro and Swiss franc and 0.2% relative to sterling, no net change relative to the Japanese yen, and dips of 0.1% vis-a-vis the loonie, Aussie dollar and yuan. There have […] More
