New Overnight Developments Abroad - Daily Update
August 3, 2021
The dollar drifted lower overnight, losing 0.4% against the peso and kiwi, 0.2% versus the Swiss franc, yen, Aussie dollar and sterling, and 0.1% relative to the euro and weighted DXY index. The dollar is unchanged against the yuan and 0.6% firmer against the Turkish lira. At an intra-day low of 1.15% and 1.17% currently, […] More
Tags: Central Bank of Armenia, Euroland PPI, Reserve Bank of Australia
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New Overnight Developments Abroad - Daily Update
August 2, 2021
Share prices on the first business day of August in the Pacific Rim closed up 2.0% in China, 1.8% in Japan, 1.5% in Taiwan, 1.3% in Australia, 1.2% in New Zealand, 1.1% in Hong Kong, and 0.7% in South Korea. Gains so far in Europe amount to 0.9% in France, 0.8% in Spain, 0.6% in […] More
Tags: Euroland manufacturing PMI, German retail sales, Japanese consumer confidence and PMI
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Uncategorized
July 30, 2021
In July the dollar closed virtually unchanged from its midyear value against its DXY weighted index. The U.S. currency fell against other perceived safe havens like the yen and Swiss franc but rose 2.1% against the Australian dollar. The ten-year U.S. Treasury yield dropped 24 basis points, similar to the size of the drop in […] More
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New Overnight Developments Abroad - Daily Update
July 30, 2021
The U.S. currency also climbed overnight by 0.3% against sterling and 0.1% relative to the Swiss franc. However, equities have dropped, especially in Japan (-1.8%), Hong Kong (-1.4%), New Zealand (-1.2%), Spain and Taiwan (each down 0.9%), but also in Indonesia (-0.8%), the U.S. (Nasdaq -0.6% and S&P 500 down 0.4%), the U.K. (-0.5%) and […] More
Tags: Australian PPI, Canadian PPI, Euroland GDP, Japanese industrial production and retail sales, U.S. personal income and spending
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New Overnight Developments Abroad - Daily Update
July 29, 2021
The dollar fell overnight by 0.4% against the euro, peso, Swissie, and DXY weighted index but even more versus the New Zealand dollar and Turkish lira (each 0.7%), loonie (0.6%), and yuan and sterling (each 0.5%). Lesser dollar declines of 0.3% and 0.2% occurred against the Australian dollar and Japanese yen, respectively. Equities, commodity prices, […] More
Tags: Euroland economic sentiment, FOMC, French and Italian PPI, German CPI, U.S. GDP
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Central Bank Watch
July 28, 2021
Aside from some inserted clarification regarding the timetable to tapering quantitative stimulus, little was changed in today’s FOMC statement. The economy has made progress toward these goals [of maximum employment and inflation rising to 2 percent and being on track to moderately exceed 2 percent for some time], and the Committee will continue to assess […] More
Tags: FOMC statement
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New Overnight Developments Abroad - Daily Update
July 28, 2021
Against the backdrop of rising Covid-19 infections in the United States, this isn’t the time for the Fed to express a lot of concern about inflation or to show greater urgency as official begin to contemplate a plan to taper monetary stimulus. In the three days of July 25-27, new U.S. coronavirus cases averaged 57.3k […] More
Tags: Australia CPI, German consumer confidence, Italy consumer and business confidence, National Bank of Tajikistan, U.S. trade deficit
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Central Bank Watch
July 27, 2021
A 30-basis point increase in the National Bank of Hungary’s base rate to 1.2% was larger than what analysts were predicting and represents the second such hike in a month. Magyar Nemzeti Bank’s overnight deposit rate was increased from -0.05% to +0.25%. The base rate level is now at its highest level since early 2016. […] More
Tags: Magyar Nemzeti Bank, National Bank of Kyrgyzstan
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New Overnight Developments Abroad - Daily Update
July 27, 2021
The Shanghai Composite equity index fell 2.3% on Monday and another 2.5% on Tuesday reflecting the deteriorating relationship between the Chinese and U.S. governments and investor fears over intensifying Sino regulations constricting the business activities of foreign companies. Hong Kong’s Hang Seng index has taken an even bigger blow, dropping 1.5% last Friday, 4.1% yesterday […] More
Tags: Magyar Nemzeti Bank, National Bank of Kyrgystan, U.S. consumer confidence, U.S. durable goods orders, U.S. house price inflation
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New Overnight Developments Abroad - Daily Update
July 26, 2021
The starting round of high level talks between China and the United States has not gone well. Much of the world including both those countries are experiencing extreme weather conditions this summer. Talk of emerging from the Covid pandemic is looking premature as reported infections rise in many places. In the United States, such reached […] More
Tags: German IFO Business climate index, Japanese purchasing managers survey, National Bank of Kazakhstan, U.S. new home sales
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