Xi Jinping

Dollar Climbs Further

October 18, 2017

The dollar was buoyed by negative European factors (Catalonia, Brexit and a weak construction output report) and expectations of a widening U.S. interest rate premium. Yellen is generally expected not to be reappointed as Fed Chair, and that suggests a steeper incline in the federal funds target especially if U.S. tax reform is enacted. The […] More

Yen at Six-Month Low; Euroland GDP Fell Modestly in 3Q

November 15, 2012

A lot of European data were released, but today’s main currency movement belongs to the yen. Dollar/yen rose 1.1% to a 6-month high of 81.16.  The greenback rose 0.4% against the Aussie dollar but slipped 0.2% relative to the euro, Swiss franc, and loonie.  Sterling is unchanged, and China’s yuan is softer. Stocks in the […] More

Some Tellingly Soggy Data Results

November 14, 2012

Industrial production in the euro area slumped 2.5% on month in September.  Output was 1.3% than the average 3Q12 level and 2.3% weaker than a year earlier. British labor statistics suggest more softness.  The claimant unemployment count jumped 10.1K in October, its biggest monthly rise in 13 months.  Average weekly earnings growth in 3Q of […] More

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