July 2021 in Figures

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 June. Other sovereign debt yields shown below also recorded double digit basis point declines except in Japan where the dip was only 4 basis points. Although officials at none of the central banks featured in this monthly feature moved their benchmark interest rates, the Fed signaled a likely tapering of asset purchases before yearend, and policy interest rates were lifted in a number of emerging economies such as Kyrgyzstan, Ukraine, Russia, Chile, Kazakhstan, Hungary, and Tajistan. U.S. equities went up only moderately but outperformed share prices in Japan, Germany, Canada and Great Britain. There was little net change in the price of West Texas Intermediate oil, but gold firmed around 2.5%.

10-Yr Yield 06/30/21 07/30/21 July Change
U.S. 1.46% 1.22% -24 Basis Points
Germany -0.21% -0.46% -25
Japan 0.05% +0.01% -4
U.K. 0.71% 0.56% -15
Canada 1.39% 1.20% -19
Switzerland -0.33% -0.43% -10
CB Policy Rate 06/30/21 07/30/21 July Change
Fed funds target 0.00/0.25% 0 Basis Points 0 Basis Points
ECB deposit rate -0.50% 0 0
BOJ policy rate -0.10% 0 0
BOE Bank Rate 0.75% 0 0
Swiss 3M Libor -1.25/-0.25% 0 0
FX 06/30/21 07/30/21 July Chg in $
EUR/USD 1.1859 1.1870 -0.1%
USD/JPY 111.09 109.69 -1.3%
USD/CHF 0.9251 0.9053 -2.1%
GBP/USD 1.3832 1.3906 -0.5%
AUD/USD 0.7498 0.7346 +2.1%
NZD/USD 0.6989 0.6973 +0.2%
USD/CAD 1.2394 1.2423 +0.2%
USD/CNY 6.4572 6.4615 +0.1%
Equities 06/30/21 07/30/21 July Change
S&P 500 4300 4395 +2.2%
Nasdaq 14504 14673 +1.2%
Djia 34503 34935 +1.3%
Dax  15531 15544 +0.1%
Nikkei 28792 27284 -5.2%
Ftse 7037 7032 -0.1%
Canada TSE 20159 20288 +0.6%
Swiss SMI 11943 12117 +1.5%
Commodities 06/30/21 07/30/21 July Change
Oil, $ per barrel 73.47 73.71 +0.3%
Gold, $ per ounce 1770.80 1817.2 +2.6%

Copyright Larry Greenberg 2021.  All rights reserved.  No secondary distribution without express permission.

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