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August 11, 2022
The dollar fell overnight by 0.6% relative to the yen and kiwi, 0.4% versus the Swiss franc, euro and weighted DXY index, and 0.3% vis-a-vis the Mexican peso and Australian dollar. U.S. stock futures are up 0.8%, and the 10-year Treasury yield has dropped five basis points, which is more than other ten-year sovereign debt […] More
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
August 10, 2022
Over ten price indices have been reported this Wednesday: German CPI inflation was confirmed at 7.5% in July, down from 7.6% in June and a 48-year high of 7.9% in May. The energy component subside to a still lofty 35.5% 12-month rate of increase, while food accelerated to 14.8% from 12.7% in the previous month. […] More
Tags: Bank of Thailand, China CPI and PPI, U.S. consumer price inflation
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
August 9, 2022
In market action overnight, The dollar marked time, sliding 0.3% against the euro, 0.2% on a weighted DXY basis, and 0.1% relative to the Swiss franc and peso. The dollar also edged up 0.2% against the Australian dollar and 0.1% versus the yen and Canadian dollar. U.S. stock futures fell around 0.3%. Major European bourses […] More
Tags: Brazil and Mexico CPI, Mar-a-Lago, U.S. productivity and unit labor costs
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
August 8, 2022
All economic upswings end eventually, but better-than-forecast economic data releases on Friday and Saturday have persuaded investors that a downturn in the United States and world economies is not a clear and present danger. U.S. congressional movement closer to a broad bill to counter global warming has also buoyed optimism. The dollar, which has for […] More
Tags: China trade surplus, Fed Governor Michelle Bowman, Japanese current account
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
August 5, 2022
Market movements: U.S. stock futures and the dollar are barely changed. Likewise, the prices of gold and West Texas Intermediate crude oil have dipped just 0.2% and 0.3%, although the latter has now retreated roughly 29% from its 52-week high set in early March. Bitcoin rallied 3.4%. The Reserve Bank of India engineered a third […] More
Tags: German industrial productio, Japanese real household spending, Reserve Bank of India, U.S. jobs report
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
August 4, 2022
The dollar edged 0.1% lower against the euro, Swiss franc, and on a weighted DXY basis. The dollar also fell 0.5% versus the New Zealand dollar and 0.3% relative to the Australian dollar. There was no net dollar movement overnight versus the Japanese yen, Chinese yuan or Canadian dollar. The weakest major currency has been […] More
Tags: Bank of England, Canadian trade surplus, Czech National Bank, Euroland construction PMI, German factory orders
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
August 3, 2022
Investors breathed a sigh of relief that the Pelosi visit to Taiwan is over but continue to worry that adverse geopolitical repercussions will outweigh any symbolic benefits. In its present fragmented political conditions, America could do without the trio of elevated tensions with Russia, China, and the Middle East. Yesterday’s primary U.S. elections demonstrated the […] More
Tags: Composite purchasing manager indices, Euroland retail sales and PPI, National Bank of Georgia, New Zealand labor market statistics
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
August 2, 2022
The game of chicken between House Speaker Pelosi and Chinese President Xi has generated a new run by investors into safer assets. Pelosi appears determined to not scrap her Asian trip stop in Taiwan, and Xi is warning of unspecified reprisals. In overnight market action, share prices closed down 2.4% in Hong Kong, 2.3% in […] More
Tags: Central Bank of Armenia, Pelosi-Xi tension, Reserve Bank of Australia
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
August 1, 2022
The dollar fell overnight by a further 0.5% on a weighted basis and is 3.6% below last month’s multi-decade high. Dollar losses so far this Monday amount to 2.0% against the kiwi, 1.0% versus the yen, 0.7% relative to the Australian dollar, 0.6% vis-a-vis sterling, 0.4% against the euro and peso, and 0.2% versus the […] More
Tags: Euroland unemployment, German retail sales, Manufacturing PMI surveys
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 29, 2022
The last business day of each month tends to experience a load of economic data reports, and July has been no exception. A market misconception caused by a policy dynamic fraught with uncertainty that translates into lessening transparency about future policy has complicated the task of reducing inflation. I personally did not think that Powell’s […] More
Tags: Euroland GDP and CPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
