U.S. new home sales

Little Change in Dollar after Long Thanksgiving Holiday Break

November 27, 2017

The dollar turned into the final week of November, showing no overnight net movement against the loonie, Australian dollar or sterling, a dip of 0.1% against the euro and a 0.1% uptick relative to the Swiss franc. Slightly larger declines of 0.4% have occurred against the kiwi and yen. Commodity prices fell rather significantly. West […] More

Sovereign Debt Yields Lower on Last Business Day Before Christmas

December 23, 2016

Ten-year sovereign debt yields retreated four basis points in Germany and Italy, three bps in U.K., France and Canada and two bps in the United States. Japan’s market is shut to commemorate the Emperor’s birthday. The dollar slipped 0.2% overnight against the euro and yen but climbed against commodity-sensitive currencies and sterling. The greenback is […] More

Chinese Central Bank to the Rescue — Really No Big Deal

August 25, 2015

The People’s Bank of China reduced its one-year lending and deposit rates by 25 basis points each to 4.60% and 1.75% while also slicing its reserve requirement ratio to 18.0% from 18.5%.  Stock markets rebounded on the news. Near 10:30 EDT, key U.S. stock market indices were up by 2.5-3%. In Europe, share prices gained […] More

Christmas Eve All Silent

December 24, 2013

Europe is now closed for the Christmas break, and trading desks in North America will shut early. Overnight movements in the dollar were minimal.  The greenback firmed 0.3% against the Swiss franc, 0.2% relative to the euro, and 0.1% against the yen and commodity-sensitive Canadian, Australian and New Zealand dollars.  Sterling edged 0.1% higher against […] More

Data Surprises – Both Good and Bad

July 24, 2013

Euroland preliminary PMI results were better than hoped. The composite Ezone PMI of 50.4 broke above the 50 no change threshold to an 18-month high.  Manufacturing at 50.1 was at a 24-month peak, while services at 49.6 was at an 18-month high and reinforced a picture that the recession seems to be bottoming. Germany’s 52.8 […] More

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