Swiss GDP

Message of Jackson Hole Didn’t Stick

September 6, 2016

Speeches and various comments emerging from the Jackson Hole Symposium late last month had been coordinated to plant in investors’ minds the notion that the Fed would be raising its interest rate sooner than assumed and that two hikes before yearend in fact remained possible. The shift in market psychology was only fleeting, however, and […] More

PMI Report Card and Other News

June 1, 2016

Today is the first day of June, a month that sees the ECB Governing Council meet tomorrow and both the FOMC and BOJ Board hold policy meetings at mid-month.  Markets only discount a one in four chance of Fed tightening this month but more than even odds for an interest rate increase by the July […] More

Dollar Uptrend Extended after U.S. Labor Day Weekend

September 2, 2014

The dollar rose to a 1-year high of $1.3110 and a 7-month high of JPY 105.03.  From Monday closing levels, the dollar currently shows gains of 0.6% against the yen and kiwi, 0.5% relative to the Australian dollar and sterling, 0.4% versus the loonie, and 0.1% vis-a-vis the euro and Swiss franc.  The yuan is […] More

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