New Overnight Developments Abroad - Daily Update
Weaker Yen and Australian Dollar
February 5, 2013
The U.S. currency rose overnight by 1.1% against the yen and 0.5% versus the Aussie dollar. The greenback lost 0.3% to the euro, 0.2% to the loonie and 0.1% relative to the yuan and Swiss franc. The buck is 0.1% firmer against the kiwi and sterling. French President Hollande wants a coordinated regional exchange rate […] More
New Overnight Developments Abroad - Daily Update
Euro Hits some Bumps in the Road
February 4, 2013
The dollar has climbed 0.5% against the euro, 0.4% against the Swiss franc, and 0.1% versus the yen and yuan. It is also down 0.3% against the Aussie dollar, 0.2% versus the kiwi and sterling, and 0.1% against the loonie. Spanish Prime Minister Rajoy, who meets with German Prime Minister Merkel today, is snared in […] More
Deeper Analysis
U.S. Jobs Growth and Equities
February 2, 2013
The Dow Jones Industrials (DJIA) closed at 14,010 on Friday, February 1, 2013, which was only the seventh time ever with a close above 14,000. All six other instances were grouped tightly in early October 2007, including the record of 14,165 on October 9 that year. Friday’s extended rally was triggered by the Labor Department […] More
Foreign Exchange Insights and Next Week
Next Week
February 1, 2013
Central bank interest rate policy meetings are scheduled next week in Euroland, Britain, the Czech Republic, Poland, Romania, the Philippines, Australia, Iceland and Peru. There is a two-day conference of the European Council at the end of the week, and New Zealand markets will be closed for holiday on Wednesday. Service sector purchasing manager survey […] More
Deeper Analysis
U.S. and Euroland Manufacturing PMIs
February 1, 2013
The differential between the U.S. and Ezone factory purchasing manager indices widened 1.1 points in January to a 3-month high. Euroland’s index advanced 1.8 points to 47.9, representing the smallest rate of contraction since last February. But that improvement was exceeded by the U.S. index that climbed 2.9 points to 53.1. On a monthly average […] More
New Overnight Developments Abroad - Daily Update
Fresh Data Supports Euro Uptrend
February 1, 2013
The euro touched fresh highs of $1.3676 and JPY 126.19, while the yen sank to 92.31 per dollar. Lots of data released: manufacturing PMIs, Ezone CPI and unemployment, Japanese labor statistics and household spending, and Australian quarterly consumer prices. Still to come: U.S. Labor Department jobs report. manufacturing PMI, and U. Michigan/Reuters consumer sentiment index. […] More
