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September 23, 2022
The weighted DXY dollar index rose 0.8% overnight and is trading currently near its intra-day level. At that high, DXY was a mere 5.5% below its peak going back to 1985 and 55.5% above its 2008 low. The dollar shows overnight gains of 1.8% against sterling, 1.1% versus the New Zealand dollar, 1.0% relative to […] More
Tags: British consumer confidence, Central Bank of Paraguay, Italian election, Purchasing Managers Surveys
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 22, 2022
Net overnight movements in the dollar have ranged widely from a 1.8% plunge against the yen to a 1.1% rise versus the Swiss franc. In between, the dollar fell 0.3% versus the euro, Australian dollar, and sterling. After numerous rhetorical complaints by officials about the weakness of the yen, Japanese officials sold foreign currency directly […] More
Tags: Bangko Sentral Ng Pilipinas, Bank Indonesia, Bank of England, Bank of Japan, Bank of Norway, Central Bank of Brazil, Central Bank of the Republic of China (Taiwan), Central Bank of Turkey, Hong Kong and Macau Monetary Authorities, State Bank of Vietnam, Swiss National Bank, U.S. current account
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 21, 2022
The FOMC announcement at 14:00 EDT will be accompanied by updated macroeconomic forecasts and followed by Chairman Powell’s press conference starting at 14:30 (18:30 GMT). Officials are expected to raise the federal funds target by 75 basis points, bringing the increase since June to 225 bps and establishing the highest target level (3.0-3.25%) since a […] More
Tags: FOMC, Lagarde, Putin, South Africa CPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 20, 2022
Today is the Astart of the FOMC’s sixth scheduled policy review in 2022. A third straight 75-basis point hike to a range of 3.0-3.25% is anticipated, with the announcement due Wednesday at 14:00 EDT (18:00 GMT). Meantime, officials at the Swedish Riksbank today exceeded street expectations with a policy interest rate hike of a full […] More
Tags: Canada CPI, Euroland current account, Japan CPI, Peoples Bank of China, Swedish Riksbank
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 19, 2022
The rout in equities retains plenty of momentum today even though Japan and Great Britain are respectively closed in observance of Respect for the Aged Day and Queen Elizabeth’s state funeral. Share prices closed down 1.4%, 1.1%, 1.0% and 0.9% in China, South Korea, Hong Kong and Taiwan, and losses have occurred thus far in […] More
Tags: euro area construction output
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 16, 2022
Led by a nearly 21% overnight plunge in Fed Ex shares, key U.S. stock market indices are down about 1%. Stock markets in the Pacific Rim had closed down 2.3% in China, 2.3% in China, 1.9% in Indonesia, 1.8% in India, 1.3% in Australia and 1.1% in Japan. The German Dax and Paris Cac are […] More
Tags: Black Wednesday, British retail sales, Chinese retail sales and industrial production, Euroland CPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 15, 2022
There’s been little financial market reaction from data released overnight. Investors are looking ahead to a slew of U.S. releases later today, including retail sales, import prices, industrial production, the Empire State and Philly Fed monthly manufacturing surveys, and weekly jobless insurance claims. Markets will also be keeping an eye on face-to-face talks later today […] More
Tags: Euroland trade balance, German WPI, Japan trade balance, Xi and Putin
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 14, 2022
U.S. equities on Tuesday experienced their largest selloff in two years, triggered by a disappoint consumer price report that showed the U.S. core inflation rate jump 0.4 percentage points to 6.3%, food price inflation of 11.4% (most since 1976), and a higher-than-forecast 12-month increase in total CPI inflation of 8.1%. The move out of riskier […] More
Tags: British and Swedish consumer prices, Euroland industrial production, Indian WPI, U.S. CPI and PPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 12, 2022
News from the war between Russia and Ukraine has taken an unexpected turn favoring the victim, not the aggressor. The weighted dollar index dropped 0.8% overnight and is 2.4% weaker than last week’s 20-year peak. The dollar this Monday is down by 0.9% against the euro, Swiss franc and sterling, by 0.7% relative to the […] More
Tags: British and Italian industrial production, Indian CPI and industrial production
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
September 9, 2022
Early in the U.S. trading day, the rises in key U.S. stock market indices range from 0.5% in the DOW to 1.2% in the Nasdaq. Share prices in the Pacific Rim had closed up 2.7% in Hong Kong, 1.2% in Taiwan, 0.9% in Singapore, 0.8% in China, 0.7% in Australia and 0.5% in Japan, and […] More
Tags: Central Reserve Bank of Peru, Chinese CPI and PPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Weeks’ End Finds Investors Willing to Take Some Risk
