April 9, 2021
The dollar rebounded 0.2% against its weighted index overnight from a 2-week low. One boost came from a five-basis point rise of the ten-year U.S. Treasury yield, even though other comparable sovereign debt yields also advances strongly. The dollar rose 0.4% against the yen, 0.3% versus the Mexican peso, 0.2% vis-a-vis the Swiss franc and […] Read Article
April 9, 2021
Central Banks: Monetary policies will be reviewed in New Zealand, Serbia, South Korea, Turkey and Ukraine. The Fed Beige Book of regional U.S. economic conditions will be published, and Fed District Presidents Williams and Rosengren will be speaking publicly. Events: The World Bank/IMF meetings wrap up this weekend. EU finance ministers meet April 16th. Scheduled […] Read Article
April 6, 2021
Australia’s Official Cash Rate had been cut three times last year, twice in March by a total of 75 basis points and most recently by a further 15 bps in November to a record low of 0.10%. That level was retained at today’s monthly policy review by the Reserve Bank of Australia Board. So were […] Read Article
April 1, 2021
None of central banks below changed policy interest rates during the first quarter, but 10-year sovereign debt yield recorded sharp advances. Favorable U.S. long-term interest rate differentials became even more so during March. In spite of rising long-term bond yields, equities experienced gain last quarter including in March. The U.S. and Canadian dollars strengthened last […] Read Article
April 8, 2021
The dollar is trading 0.2% lower against its DXY weighted index and versus the loonie, Swiss franc, sterling, Turkish lira and Mexican peso. Larger drops include losses of 0.6% versus the yen, 0.5% against the kiwi and yuan, and 0.4% vis-a-vis the New Zelanad dollar. No net change against the euro limited the weighted dollar’s […] More
April 7, 2021
The dollar advanced overnight by 0.6% against the Turkish lira as well as 0.4%, 0.3% and 0.2% against the Australian, New Zealand and Canadian dollars. But the greenback otherwise held steady against the yen and fell 0.1% versus the euro and on a weighted basis. Share prices in the Pacific Rim closed up 0.9% in […] More
April 6, 2021
The dollar settled back 0.15% on a weighted index despite gains overnight against the Australian, Canadian and New Zealand dollars, the Turkish lira and pound sterling. After reaching record highs on Monday, U.S. S&P and DJIA futures have edged down 0.2% and 0.1%. Stock markets in the Pacific Rim fell 1.3% in Japan and 0.9% […] More
April 5, 2021
Australia, New Zealand, Canada and most European markets are shut observing the extended Easter holiday, while China, Hong Kong, and Taiwan are celebrated the Ching Ming Festival. The World Bank/IMF meetings at which Fed Chairman Powell will be speaking are running all week. The dollar has dipped 0.3% relative to the Australian dollar and sterling, […] More
April 2, 2021
Central Banks: Monetary policy meetings in Australia, India, Poland, Peru, and Sri Lanka. Minutes will be published from the last ECB and FOMC policy meetings. Holidays and Events: Easter Monday will be observed in many countries, including Italy, France, Germany, Australia, New Zealand, Switzerland, the U.K., Canada, Hong Kong and Norway. China (Ching Ming Festival) […] More
April 2, 2021
The list of countries closed today includes Australia, New Zealand, Mexico, Canada, India, Singapore, Norway, Italy, France, Spain, Great Britain, Switzerland, Hong Kong, Singapore, Brazil, South Africa, and Germany. The United States is essentially shut too, and there will be no equity market trading. But the monthly labor market situation data will be released at […] More
April 1, 2021
Manufacturing operating conditions improved last month in both Euroland and the United States. The IHS-compiled euro area purchasing managers index jumped 4.6 points to a record high of 62.5. Record highs above 60.0 were reached in Germany, Austria and the Netherlands, and the indices of Spain, Ireland, France, and Italy ranged upwards from 56.9 to […] More
April 1, 2021
On this opening day of April, the dollar is unchanged against the yen, sterling and New Zealand dollar. The greenback has dipped 0.1% versus the euro and fallen 0.8% against the Turkish lira and 0.5% vis-a-vis the Mexican peso, but the dollar also has risen 0.3% against the Chinese yuan and Canadian dollar, 0.2% versus […] More
March 31, 2021
The dollar is trading modestly lower (e.g. -0.1% on the DXY weighted index) on this final day of the first quarter. In overnight equity market action, share prices climbed almost 1% in Australia and New Zealand but have slipped in Asia and, to a lesser degree, in Europe. The S&P 500 and DJIA futures indices […] More
March 30, 2021
The dollar advanced 0.3% overnight on a weighted basis to a 4-5 month high. The Turkish lira took one of the largest hits; at an intraday low of 8.4595 per dollar, the lira had lost 3% but subsequently cut that slide in half. Against other currencies today, the dollar has risen 0.5% against the yen, […] More
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