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September 16, 2021
Broadly-based overnight appreciations of the dollar include gains of 0.7% against the Swiss franc and Turkish lira, 0.5% versus the euro, kiwi, and sterling, 0.4% relative to the yen and Australian dollar, and 0.2% vis-a-vis the Canadian dollar and Mexican peso. The DXY weighted dollar index advanced 0.4% and is just 1.9% below its 52-week […] More
Tags: Australian labor statistics, Euroland balance of trade, Japanese trade balance, U.S. retail sales and jobless insurance claims
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 15, 2021
The dollar fell overnight by 0.2% against the DXY weighted index and sterling, 0.4% versus the Japanese yen, and 0.1% relative to the euro and Swiss franc. Ten-year sovereign debt yields rose two basis points each in the United States, Germany and Great Britain but slipped a basis point in Japan. Equity markets mostly dropped […] More
Tags: British CPI, Canadian CPI, Chinese industrial production and retail sales, Euroland industrial production and labor costs, Japanese service sector activity, U.S. import prices and industrial production
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 14, 2021
Start with the ugly. New Covid cases in the United States spiked to more than 172.4k yesterday, and deaths topped 1800. Even as almost half the whole population remains unvaccinated, there is confusion over who is eligible for boosters and when children under age 12 will be allowed to get vaccinated. As Covid goes, so […] More
Tags: U.S. CPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 13, 2021
Equity markets in Europe have strengthened slightly more than 1.0% in Italy and Spain and by 0.7-0.9% in Germany, France and Great Britain. U.S. stock futures are up around 0.6%, but markets earlier in the Pacific Rim had given no warning as what was to come with Hong Kong’s Hang Seng index faltering 1.5% and […] More
Tags: German WPI, Japanese PPI, National Bank of Kazakhstan
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 10, 2021
There were also two central bank policy rate announcements, and each involved an interest rate increase: The Central Reserve Bank of Peru‘s Board of Directors hiked its policy interest rate twice as much as analysts were anticipating to 1.0% from 0.5%. This was the second straight increase after a hike of 25 bps in August, […] More
Tags: Bank of Russia, Central Reserve Bank of Peru, U.S. PPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 9, 2021
The dollar fell overnight by 0.3% against the Swiss franc and 0.6% versus sterling but remain unchanged on balance against the euro. Dips of 0.1% occurred against the yen and weighted DXY index. Share prices are higher in the United States and Continental Europe but are down in Great Britain. Earlier in the Pacific Rim, […] More
Tags: Bank Negara Malaysia, Chinese CPI and PPI, ECB, National Bank of Serbia, National Bank of Ukraine
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 8, 2021
It’s normal at any time to encounter predictions of an imminent drop in equities, and the prevalence of Casandrian warnings has increased lately. The Covid pandemic keeps chugging along and preventing a full return of economic activity to the promised land and monetary policies to a semblance of normalcy. In the United States, new cases […] More
Tags: Bank of Canada, Japanese GDP and current account
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 7, 2021
10-year sovereign debt yields are five basis points higher in the United States and Great Britain and up four basis points in Germany. The 10-year Japanese JGB yield, by contrast, is unchanged. The dollar rose 0.4% overnight against the DXY weighted index. The yen (up 0.3%) has outpaced the 0.1% upticks in the euro and […] More
Tags: Chinese trade surplus, Euroland GDP, German industrial production, Reserve Bank of Australia
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 6, 2021
The initial dollar response to a disappointing U.S. August jobs report had been downward, but the U.S. currency advanced in overnight trading by 0.3% against its weighted DXY index, the Swiss franc, sterling and Australian dollar, by 0.2% relative to the Canadian dollar and euro and by 0.1% vis-a-vis the Japanese yen. U.S. and Canadian […] More
Tags: Euroland and British construction activity, German industrial orders, U.S. Covid trends
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 3, 2021
U.S. August labor statistics highlight a mix of weakening jobs growth and strengthening upward pressure on prices. Non-farm payroll jobs rose only 235k, about a third as much as was forecast. This undershoot overwhelmed a combined 132k upward revision of jobs growth in June-July. Although the unemployment rate and under-employment rate dropped by 0.2 and […] More
Tags: Service sector PMIs, U.S. labor statistics
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
