New Overnight Developments Abroad - Daily Update
November 20, 2023
The dollar fell overnight by 1.0% against the yen, 0.7% versus the kiwi, 0.6% vis-a-vis the Australian dollar and Chinese yuan, 0.3% against the Mexican peso, 0.2% versus the Swiss franc and 0.1% relative the the euro and sterling. Data and event highlights this week will include Federal Reserve FOMC minutes, the British Autumn Statement […] More
Tags: Argentina presidential election, Euroland construction output, German PPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Opens Week of Thanksgiving with a Dip
New Overnight Developments Abroad - Daily Update
November 17, 2023
With the Thanksgiving holiday less than a week away, 2023 is moving into the home stretch with plenty of unanswered questions. Investors wonder how the twin wars in Ukraine and Gaza will resolve and whether the federal funds rate has in fact crested and, if so, how long it will stay at its peak. Will […] More
Tags: British retail sales, Chinese foreign direct investment, Euroland CPI and current account
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Softer Growth Into the Holidays
Foreign Exchange Insights and Next Week
November 17, 2023
Central Banks: Minutes from recent policy review meetings will be published by the Fed, Reserve Bank of Australia and European Central Bank. Monetary policy reviews are scheduled in Sweden, Iceland, Sri Lanka, Turkey, South Africa, Indonesia and at the People’s Bank of China. Central bank officials with public speaking engagements include Reserve Bank of Australia […] More
Tags: Economic Data Calendar
Posted in Foreign Exchange Insights and Next Week | Comments Off on Next Week’s Menu: November 18 – 24, 2023
New Overnight Developments Abroad - Daily Update
November 16, 2023
In addition to the usual Thursday weekly report on jobless insurance claims, the U.S. data menu features import prices and industrial production and also includes the Philly Fed and K.C. Fed manufacturing surveys, the NAHB monthly housing market index, capacity utilization, and Treasury-compiled capital flows between the U.S. and other countries. So far, financial markets […] More
Tags: Australian unemployment, Bangko Sentral Ng Pilipinas, Japanese trade balance and machinery orders
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Awaiting Several More U.S. Data Releases Scheduled Today
New Overnight Developments Abroad - Daily Update
November 15, 2023
The U.S. producer price index dropped 0.5% on month (most in 42 months) and recorded a 3-month low of 1.3% when compared to the same month a year earlier. Core producer prices — unchanged versus September and +2.4% year-on-year — was 0.3 percentage points below expectations. U.S. October retail sales contracted by a smaller-than-anticipated 0.1% […] More
Tags: Euroland trade and industrial production, Japan GDP, U.S. PPI and retail sales
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on More Favorable Data Reported for the U.S.
New Overnight Developments Abroad - Daily Update
November 14, 2023
Analysts expect to learn of a further dip in U.S. inflation last month shortly. While waiting for confirmation, financial markets around the world marked time overnight. Dollar changes against other major currencies were held to plus or minus 0.2%. U.S. stock futures are likewise steady. Share prices in the Pacific Rim closed up 0.3% in […] More
Tags: British labor market data, Euroland and German ZEW expectations index, Euroland GDP and employment growth, Swiss PPI, U.S. CPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on U.S. CPI Figures about to Be Released
New Overnight Developments Abroad - Daily Update
November 13, 2023
The dollar edged 0.2% higher overnight against the Japanese yen, Canadian dollar, Swiss franc, and both the Aussie and New Zealand currencies. The dollar firmed 0.1% against the euro but slid 0.1% relative to sterling. Share prices in the Pacific Rim closed mixed, with gains of 1.3% in Hong Kong and 0.9% in Taiwan but […] More
Tags: German current account, Japanese PPI, Moody's
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Potentially Momentous Week Starts Quietly
Foreign Exchange Insights and Next Week
November 11, 2023
Central Bank News: Filipino monetary policy will be reviewed. Special Focus: U.S. and Chinese Presidents Biden and Xi to hold talks Wednesday on the sideline of the APEC Conference in San Francisco. Temporary debt ceiling deadline on November 17 to avoid federal shutdown. Scheduled U.S. Data Releases: Consumer prices, producer prices, import prices, retail sales, […] More
Posted in Foreign Exchange Insights and Next Week | Comments Off on Next Week’s Menu: November 10-17, 2023
New Overnight Developments Abroad - Daily Update
November 9, 2023
Fed Chairman Powell‘s remarks yesterday didn’t touch on current monetary policy, but he’ll be speaking publicly again today. Investors are hoping for clarification regarding what the Fed is likely to do. Two earthquakes of slightly more than 5.0 on the Richter scale in the oil-producing region of Texas injects confusion into the next move in […] More
Tags: China CPI and PPI, National Bank of Serbia
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Continuing Uncertainty Saps Financial Markets of Direction
New Overnight Developments Abroad - Daily Update
November 8, 2023
Federal Reserve Chairman Powell is scheduled to speak today at the central bank’s Research & Statistics Division centennial conference. Vice Chairman Jefferson also will be making remarks there. Remarks by Fed officials since Powell’s press conference on November 1 have tended to be more hawkish than the perceived message of the FOMC a week ago, […] More
Tags: Euroland retail sales, Fed Chairman Powell, German CPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Marking Time Ahead of Powell’s Speech at 13:00 EST