OECD
Expressions of Concern
February 18, 2016
St. Louis Fed President Bullard, who had previously been urging interest rate normalization, gave a speech warning that further rate hikes would be risky in light of the continuing decline of market-based indicators of expected inflation and because a buildup of unhealthy asset bubbles has become less probable. A member of the Bank of Japan’s […] More
Several Trade Reports and an OECD Semi-Annual Outlook
November 9, 2015
The dollar is mostly softer. Stocks are mostly lower, but gold, oil, and some bond yields are up. The dollar depreciated overnight by 0.4% against the euro and kiwi, 0.3% versus sterling and the Swiss franc, and 0.2% relative to the loonie and Aussie dollar. The U.S. currency, in contrast, rose 0.2% against the yen […] More
Aussie Dollar Hammered by Chinese Data
September 15, 2014
The Australian dollar fell by 0.8% against its U.S. counterpart, which otherwise edged up 0.2% versus the euro and Swiss franc and 0.1% relative to the Chinese yuan and sterling but also slipped 0.1% vis-a-vis the yen, Canadian dollar and kiwi. A lot of Australian exports go to China, which reported only a 6.9% year-over-year […] More
An OECD View on Growth in the Second Half of 2012 and Next Year
September 10, 2012
The Organization for Economic Co-operation and Development, which conducts vast research capacity and close ties to governments in the advanced economies that it represents, reported its Interim Economic Assessment late last week including new macroeconomic projections. Based on those numbers, U.S. real GDP is expected to climb about 2.2% between 2Q12 and 4Q12, which would […] More
Share Prices Sinking on a Thursday Crammed with New Information
March 29, 2012
Equities fell 1.3% in China and Hong Kong, 1.5% in Vietnam, 2.1% in Taiwan, 0.9% in South Korea, 0.7% in Japan and 0.4% in India. The German Dax, Paris Cac and British Ftse have already lost 1.1%, 1.0%, and 0.9% today. Continuing the motif of greater risk aversion, the yen has advanced 0.8% against a […] More
Softer Dollar
November 28, 2011
The dollar gave back ground today, falling 2.3% against the Aussie dollar, 2.1% relative to the kiwi, 1.4% against the loonie, 1.0% each versus the euro and Swissie, and 0.8% against sterling. The yen is unchanged, and the yuan slid 0.1%. Stocks climbed 1.6% in Japan, 2.0% in Hong Kong, 1.9% in Australia and Singapore, […] More
Stocks, Bond Yields and Commodities Higher, Dollar Lower
November 18, 2010
The dollar lost 1.0% against the euro and Australian dollar, 0.9% against the kiwi, 0.7% versus the Canadian dollar, 0.6% relative to the Swiss franc and 0.5% versus sterling. The dollar is steady against the yuan and yen. The Japanese Nikkei advanced 2.1% and closed above 10,000 for the first time since June 22. Equities […] More
Calmer Tone in Markets
May 26, 2010
Financial markets have reverted today to their Jekyll side after yesterday’s Hyde performance. The dollar is narrowly mixed, with gains of 0.2% against the euro and 0.1% against the yen but losses of 0.4% against the Australian dollar, 0.3% relative to the Swiss franc, 0.2% versus the kiwi and 0.1% against the Canadian dollar and […] More
