Stronger Euro, Weaker Yen

March 3, 2016

The dollar rose as high as JPY 114.28 overnight, its strongest level since February 15.  It’s off that high currently but still up 0.4% on balance.  At the same time, the U.S. currency shows overnight losses of 0.6% against the New Zealand and Australian dollars, 0.4% versus the euro, 0.3% relative to the Swiss franc […] More

A Mixed Bag of Data Leaves Dollar Little Changed

July 8, 2014

The dollar edged up 0.1% against the euro and Swiss franc but has slipped by 0.3% versus the Australian and New Zealand dollars, 0.2% vis-a-vis the yen and 0.1% relative to the loonie.  Sterling and the yuan are steady. Stocks are mostly lower, with drops of 2.0% in India, 1.2% in Italy, 0.7% in Spain, […] More

Janet Yellen’s Day

October 9, 2013

Press reports emerged overnight that President Obama will announce today his nomination of Fed Vice-Chairperson Yellen to succeed Chairman Bernanke, whose term expires at the end of January 2014.  Yellen has extensive training as an economist and experience in the Federal Reserve System.  While she has an image in market circles for being dovish because […] More

Japanese Market Volatility Intensifies

May 30, 2013

The more Japanese officials express unconcern, the uglier the mood of the markets there becomes.  The Nikkei-225 plunged another 5.2% to 13,589, 13% below its May 22 closing level.  Compared to its low that day of 103.74 per dollar, the yen’s high today of 100.46 constituted an appreciation of 3.3%.  The 10-year JGB yield fell […] More