U.S. CPI
Revolting Developments in the United States but Dollar Narrowly Mixed
January 13, 2021
The United States experienced a new record high daily death count yesterday from Covid that exceeded 4.4k and was accompanied by almost 230k new reported cases of the illness. A drop of 10 years in the government’s recommended minimum age for getting a vaccine now and other sudden shifts in guidelines for administering the shot […] More
Lower Bond Yields, Mixed Dollar and Softer Equities in Face of Relentless Covid
November 12, 2020
Covid cases in the last 24 hours exceeded 600k and 140k globally and in the United States. Global and U.S. deaths from the illness over the past two days averaged more than 10k and 1.45k per day. While vaccine development seems to be making good progress, a new worry is that Covid’s ability to mutate […] More
Dollar and Share Prices Mixed
August 12, 2020
The dollar rose overnight by 0.6% against the kiwi, 0.4% versus the Japanese yen and 0.2% relative to sterling and the Australian dollar but also fell 0.3% against the euro, 0.4% versus the Swiss franc and 0.1% vis-a-vis the loonie. Share prices dropped 1.2% in New Zealand, 0.9% in Taiwan and 0.6% in China, advanced […] More
Continuing Interplay of Covid and Economic Data
July 14, 2020
Covid-19 infestations in Texas, Florida, and California cast a big cloud on U.S. economic recovery prospects. The global Covid case and death counts climbed 204k and 4.1k in the past 24 hours. The dollar rose overnight by 0.3% versus the Chinese yuan, 0.2% against sterling and the kiwi, and by 0.1% relative to the yen […] More
Continuing Market Volatility, an Unscheduled Bank of England Rate Cut, and Big Night for Biden
March 11, 2020
Share prices in Asia fell 2.3% in Japan, 2.8% in South Korea, 3.6% in Australia, 1.7% in Singapore and 0.9% in China. U.S. futures are down, but in Europe, stocks have so far risen 1.3% in France, 1.0% in Germany, 0.7% in Spain, and 0.6% in both the U.K. and Switzerland. The ten-year U.S. Treasury […] More
Coronavirus Takes Turn for the Worse, and British Cabinet Reshuffled Significantly
February 13, 2020
Thursday has been a difficult day in world financial markets, absorbing the news of an exponential increase in suspected coronavirus cases, as well as the unexpected quitting of British Chancellor of the Exchequer Javid and departure of several other members of Prime Minister Johnson’s cabinet. Share prices tumbled 1.6% in Great Britain, 1.2% in Spain, […] More
More Inflation Data, Japanese Current Account, and Chinese Trade Figures Released
January 14, 2020
Compared to closing levels yesterday, the dollar is unchanged against the yen, peso, and sterling, up 0.3% against the kiwi, 0.2% versus the euro, and 0.1% relative to the Canadian and Australian dollars but down 0.2% against the Swiss franc and 0.1% versus the Chinese yuan. Phase One U.S.-Sino trade pact is reportedly ready to […] More
Waiting and Seeing on Multiple Levels
December 11, 2019
The FOMC will reveal its decisions later today from its final scheduled review of U.S. monetary policy in 2019. Financial markets in advance have been marking time ahead of the revelations of any policy action today, when interest rates are likely to be moved next and in what direction, and what factors are currently attracting […] More
A Little Bit of Everything This Wednesday
November 13, 2019
Investors have much to watch today including two separate congressional events of great interest. Public hearings on a possible impeachment of President Trump begin at 10:00 EST in the House Intelligence Committee, and one hour later Fed Chairman Powell testifies on the economic outlook before the Joint Economic Committee. There’s already been one central bank […] More
Dollar and Yen Fell in Tandem
October 10, 2019
The dollar and yen dropped overnight by 0.6% against the New Zealand and Australian currencies, 0.5% relative to the euro, 0.3% versus the Swiss franc and peso, 0.2% relative to the loonie and sterling and 0.1% against the yuan. Ten-year U.S. Treasury and Japanese JGB yields are unchanged, whereas their German and British counterparts increased […] More
