October 21, 2026
The U.S. currency has declined so far today by 0.5% against the Australian dollar, 0.4% relative to sterling 0.3% versus the yen and Swiss franc and 0.1% against the Canadian dollar and kiwi. Exceptions to this trend include dollar advances overnight of 0.5% relative to the peso and 0.3% versus the rupiah. Factors weighing on […] Read Article
October 16, 2026
Central Banks: Interest rate reviews in Indonesia, Hungary, South Korea, China, Turkey, Russia and the Philippines. A number of officials from the European Central Bank, Bank of England and Reserve Bank of Australia have public speaking engagements. U.S. Economic Data Releases: Preliminary October purchasing manager survey findings, housing starts, building permits, pending home sales, National […] Read Article
October 7, 2026
A 25-basis point Indian repo rate hike to 5.50% had been expected and reverses a similarly-sized cut last December. This move and a concurrent change in the RBI’s monetary stance from “neutral” to “calibrated tightening” had the support of all six Board members. At 5.5%, the Reserve Bank of India’s new repo rate level is […] Read Article
October 15, 2026
The Federal Reserve did a pretty good job promoting price stability over the first two decades of this century. Between January 2001 and January 2021 coinciding with the eight-year presidential terms of Republican George W. Bush and Democrat Barack Obama and the first four-year term of Republican Donald Trump, U.S. consumer prices rose 2.0% per […] Read Article
October 20, 2026
WTI and Brent oil prices are 1.5% and 1.0% higher at $105.15 and $110.15 per barrel. That’s up from $70 and $73 at mid-2026. With U.S. mid-term elections in two weeks and early voting now starting, high U.S. officials are declaring the war against Iran essentially over. In shades of the retreat from Afghanistan in […] More
October 19, 2026
(117) The weighted DXY dollar index is steady. Changes versus individual currencies range from a 0.5% decline against the Australian dollar to gains of 0.2% and 0.1% against the yen and euro. The WTI and Brent prices of crude oil have risen 0.6% and 1.4% above their pre-weekend closing levels to $100.84 and $108.29 per […] More
October 16, 2026
Like the consumer and producer price reports on Wednesday and Thursday, U.S. import and export prices just released surpassed market expectations. Overall import prices jumped 1.1% in September, raising their 12-month increase to a 50-month high of 8.1%. Import price inflation had been at 7.0% in August, zero percent last December and as low as […] More
October 15, 2026
Ahead of the second of three U.S. price data events (CPI on Wednesday, PPI today and import prices tomorrow), investors are wondering if yesterday’s bond-market debacle was an over-reaction. Ten-year sovereign debt yields shortly before the PPI release were down from Wednesday closing levels by twelve basis points in France, eleven basis points in Italy, […] More
October 14, 2026
The dollar and ten-year sovereign debt yields prior to the U.S. CPI data announcement were generally steady today with just a couple of exceptions such a a 0.4% decline of the the U.S. currency against the South Korean won, a 4-basis point drop in the 10-year British gilt yield and a 3-bp rise in its […] More
October 13, 2026
The WTI and Brent oil prices are 1.5% and 1.7% softer than yesterday but still highly elevated. President Trump sprung a pre-midterm surprise, striking a deal with Russian President Putin that suddenly eases sanctions against Russian diesel exports. Trump’s intent is to reduce energy prices for U.S. consumers and businesses, but the size of the […] More
October 12, 2026
(118) Financial market activity this Monday will be blunted by several holiday observances and a dearth of released economic data. A dual holiday in the United States (Indigenous People’s Day and Columbus Day) is a federal holiday with banks closed but the stock exchange open. In Japan, Spain and Canada, citizens are celebrating Health Sports […] More
October 9, 2026
Central Banks: The Federal Reserve Beige Book of regional economic conditions gets published on Wednesday. A meeting of Group of Twenty central bank chiefs is planned in Bangkok, Thailand. Breeden, Pill, Mann and Bailey of the Bank of England, Koeda of the Bank of Japan, and Hammack of the Federal Reserve are some of the […] More
October 9, 2026
The Trump torrent of attention-getting comments has left a lot of disinformation in its wake particularly regarding the war in Iran. Nevertheless, his promise the other day not to attack Iran again before the U.S. midterm elections is carrying a lot a reassuring weight with investors, who also for the time being are disregarding recent […] More
October 8, 2026
The two-, ten-, and 30-year U.S. Treasury yields rose overnight by 5, 3, and 2 basis points to 4.81%, 5.33% and 5.70%. Ten-year sovereign debt yields elsewhere have climbed four basis points in Germany, the U.K., and Canada, three bps in Switzerland and France, and two basis points in Spain. Oil price news today has […] More
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