U.S. employment cost index
End-Month Data Blizzard and Sterling Strengthens
April 30, 2019
A lot of economic statistics around the world gets released on the final day of each month. The main market development this Tuesday has been a 0.7% overnight rise of sterling against the dollar, reflecting reports that talks between Prime Minister May and the Labour Party on Brexit have made surprising progress. It remains to […] More
The Usual Month-End Flood of Economic Data but Little Overnight Movement in the dollar
October 31, 2018
The dollar is unchanged against the euro and loonie, 0.1% firmer relative to the yuan and Swiss franc, 0.2% higher vis-a-vis the yen, Aussie dollar and kiwi. Somewhat larger moves have happened against sterling (a drop of 0.5%) and the Mexican peso (a rise of 0.5%). Gold fell 0.6%. Following the rebound Tuesday of U.S. […] More
Monday Night Massacre, Lots of Released Data, and a BOJ Meeting
January 31, 2017
President Trump sacked Acting Attorney General Sally Yates late last night, who had refused to enforce his selective immigration ban, and replaced her with Dana Boente. The firing stirred recollections of Nixon firing of Eliot Richardson and Bill Ruckelshaus when they wouldn’t fire Watergate Special Prosecutor Archibald Cox in October 1973. In other U.S. political […] More
Yen Climbs Further Even as Japanese Golden Week Holidays Begin
April 29, 2016
The yen touched an 18-month high of 106.9 per dollar and is up 0.9% on balance from Thursday’s close. The trade-weighted dollar is close to a one-year low. Japanese markets were closed for Showa Day. Next week’s continuing Golden Week holidays are Constitution Day (May 3), Greenery Day (May 4) and Children’s Day (May 5). […] More
