Australian labor statistics
Don’t Even Think that Monetary Tightening Is Going to Pause
November 17, 2022
Central bankers in the United States and around the world are doubling down to quell any investor notions that monetary tightening is about to pause while assessing the delayed results of restraint already in the pipeline. That was the message from recent comments by the Kansas City and San Francisco Fed Presidents and the actions […] More
Dollar Little Changed on Day that Saw Many Central Bank Meetings and Thick Menu of Released Data
January 20, 2022
The weighted dollar edged up by a marginal 0.1% overnight. It gained 0.1% against the euro and Swiss franc but is unchanged against the yen and sterling and down 0.1% versus the Canadian dollar. Stock market action in the Pacific Rim was widely varied, with Japan Nikkei and Hong Kong’s Hang Seng indices closing 1.1% […] More
Strengthening Dollar
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
Another Down Day Looms in U.S. Equities
May 20, 2021
U.S. stock indices fell on the first three trading days of this week, and futures point to a further slight loss at the open. FOMC minutes from the April 27-28 meeting revealed some committee members itching to begin considering a discussion on when to start tapering stimulus if U.S. data continue to show rapid improvement […] More
Stock Markets Around the World Battered Further
May 14, 2020
Hope has dissipated that the pandemic will be contained soon. Global cases surpassed 4.45 million, and the death toll is approaching 300,000. Social distancing is expected to be necessary to some extent at least through the end of the year, and world economic activity as a result will struggle to regain upward momentum. Risk aversion […] More
Little Overnight Change in the Dollar but European Stocks Firming Further
May 16, 2019
The dollar shows no net change against the euro, Swiss franc, Australian dollar, or yuan. The greenback has risen 0.2% against sterling and 0.1% relative to the yen but is down 0.3% versus the loonie and peso and 0.2% against the kiwi. European equity markets have thus far today risen 0.9% in Switzerland, 0.7% in […] More
Much To Watch Just before the Holiday
April 18, 2019
The Good Friday/Easter holiday break is ordinarily one of the quietest times for foreign exchange, but investors this year have a great deal of news to absorb before getting away: the promised redacted Mueller Report, preliminary April purchasing manager survey results, British retail sales, Australian labor statistics, German producer prices, Swiss trade, and a central […] More
Down Goes the British Pound
November 15, 2018
With British Prime Minister Theresa May facing a vote of no confidence and several of her cabinet ministers resigning in protest against her Brexit deal, sterling slumped 1.5% overnight against both the dollar and euro. Weak British retail sales data were also released today, showing an unexpected 0.5% on-month drop in total sales (+2.2% on […] More
Stronger Dollar, Weaker Equities, Softer Gold Price But Rebound in Oil
July 19, 2018
The dollar climbed overnight by 0.8% to a one-year high against the Chinese yuan. The greenback also gained 1.0% relative to the kiwi, 0.9% vis-a-vis the peso, 0.8% versus the Australian dollar, 0.6% against sterling, 0.5% versus the loonie and 0.3% against the euro and Swiss franc. Dollar/yen is unchanged. Stocks dropped 0.9% in Hong […] More
Little Change Overnight in Most Dollar Forex Values
May 17, 2018
Against other major currencies, the dollar is unchanged against the loonie and yuan, up 0.1% relative to the euro, Swiss franc and kiwi, up 0.3% versus the yen, but down by 0.1% against the Australian dollar and sterling. Bigger dollar moves have occurred against emerging market currencies. The greenback dropped 0.3% against the Indonesian rupiah […] More
