New Overnight Developments Abroad - Daily Update
The Week Bridging 2013 and 2014: Part One
December 31, 2013
Compared to closing levels last Friday, the dollar is marginally changed against the yen, euro and Swiss franc but down 0.6% against the loonie, Australian dollar, and sterling and off 0.9% relative to the kiwi. The Chinese yuan strengthened past 6.06/USD. Share price movements have been contained to gains of 0.7%, 0.3% and 0.2% in […] More
Foreign Exchange Insights and Next Week
Next Week
December 27, 2013
Next week bridges 2013 and 2014. No holiday is observed by more countries than January 1st, which bisects the coming business week. Japanese markets will also be closed on Tuesday, Thursday and Friday. Many other markets will close early on New Year’s Eve, and several markets will stay shut on Thursday, for example Switzerland and […] More
New Overnight Developments Abroad - Daily Update
Japanese Data Releases and Higher Sovereign Debt Yields Dominate Last Trading Day of Christmas Week
December 27, 2013
Japanese core CPI inflation climbed 0.3 percentage points to 1.2% in November. Total CPI inflation rose to 1.5%. Tokyo consumer prices in December dipped 0.2% on month and rose by 0.9% from December 2012. Core Tokyo inflation at end-2013 was 0.7%. Industrial production in Japan edged up 0.1% in November after a 2.8% advance in […] More
Central Bank Watch
Central Bank of the Republic of China (Taiwan)
December 26, 2013
After a quarterly review, Taiwanese monetary policymakers released a statement that justified keeping the country’s accommodative monetary policy. The central bank interest rate has been 1.875% since five 12.5-basis point increases between mid-2010 and mid-2011. The statement also reaffirmed a role for currency market intervention to counter disorderly market conditions. The interest rate level was […] More
New Overnight Developments Abroad - Daily Update
Boxing Day Observances Keep Markets Quiet
December 26, 2013
A mixed dollar shows gains of 0.3% against the yen and loonie, 0.2% versus the Swiss franc and kiwi and 0.1% relative to the yuan and euro but declines of 0.7% against sterling and 0.5% vis-a-vis Australian dollar. Having climbed above 16,000 on Wednesday for the first time since December 2007, Japan’s Nikkei rose another […] More
New Overnight Developments Abroad - Daily Update
Day of Peace
December 25, 2013
Financial markets are closed Christmas Day throughout Europe and in the United States, Canada, Australia and New Zealand. The most notable exception will be Japan. Many places will stay shut for Boxing Day on Thursday, such as Britain, Hong Kong, Australia, Canada, Greece and Italy. Japanese corporate service prices climbed 0.4% in November and accelerated […] More
New Overnight Developments Abroad - Daily Update
Christmas Eve All Silent
December 24, 2013
Europe is now closed for the Christmas break, and trading desks in North America will shut early. Overnight movements in the dollar were minimal. The greenback firmed 0.3% against the Swiss franc, 0.2% relative to the euro, and 0.1% against the yen and commodity-sensitive Canadian, Australian and New Zealand dollars. Sterling edged 0.1% higher against […] More
Central Bank Watch
Bank of Israel: No Interest Rate Change this Month
December 23, 2013
The Israeli central bank interest rate was kept at 1.0%, its level since a 25 basis point cut in October. Eight previous 25-basis point cuts were implemented stretching back to September 2011, including two in May 2013. A statement released today by the central bank observes that November inflation was less than forecast and that […] More
New Overnight Developments Abroad - Daily Update
Some Pre-Christmas Data
December 23, 2013
Japan was closed for the Emperor’s Birthday holiday, and other markets are winding down ahead of their closures. Today saw more data releases than any other day this week, but market action has been unremarkable. The dollar fell 0.4% against the Canadian currencies and shows a dip of 0.1% relative to the euro, Swissie, kiwi, […] More
Foreign Exchange Insights and Next Week
Next Week
December 20, 2013
Next week will be dominated by holidays – Christmas on Wednesday but also Xmas Eve on Tuesday, Boxing Day on Thursday, and the Japanese Emperor’s Birthday on Monday. This is always one of the quietest times of the year in currency markets and not more so than when Christmas falls right in the middle of […] More
