Australian PPI
Some Fresh Concerns
January 27, 2023
While awaiting the monthly U.S. report on personal income, personal consumption, and the Fed’s favored PCE price deflator, investors got some disquieting price news from other countries. In Japan where consumer price data for Tokyo are reported a month earlier than national statistics, today’s January figures showed an acceleration of the total CPI to a […] More
Dollar Leaped 1.2% Overnight to 19-Month High
January 27, 2022
Fed Chairman Powell’s implication that Fed tightening in 2022 will exceed market expectations lit a flame under the dollar, which overnight rose 1.2% on a weighted basis to its best level since June 28, 2020. The dollar climbed 0.7% against the euro and Swiss franc, 0.5% relative to the yen, kiwi and sterling, and 0.4% […] More
Dollar Up 0.2% Against Euro, yen and Weighted index on Final Business Day of July
July 30, 2021
The U.S. currency also climbed overnight by 0.3% against sterling and 0.1% relative to the Swiss franc. However, equities have dropped, especially in Japan (-1.8%), Hong Kong (-1.4%), New Zealand (-1.2%), Spain and Taiwan (each down 0.9%), but also in Indonesia (-0.8%), the U.S. (Nasdaq -0.6% and S&P 500 down 0.4%), the U.K. (-0.5%) and […] More
Dollar, U.S. Stocks, and Treasury Yields Little Changed After Strong U.S. GDP Report
July 27, 2018
U.S. GDP expanded 4.1% last quarter at a seasonally adjusted annualized rate. That was the fastest quarterly pace since the third quarter of 2014, but analysts had anticipated such a figure. Personal consumption, non-residential investment and government spending climbed 4.0%, 7.3% and 2.1%, respectively. Net foreign demand augmented the growth rate by 1.1 percentage points […] More
Plenty of News to Focus Upon
April 27, 2018
The meeting between the presidents of South Korea and North Korea agreed to end their multi-decade war and to deescalate nuclear armament. Share prices in the Pacific Rim climbed 1.3% in New Zealand, 1.0% in Hong Kong, and 0.7% in Japan, South Korea, India and Australia. British GDP growth slowed more than forecast last quarter, […] More
Stronger Dollar on Jobs Day Amid Bursting Asset Bubbles
February 2, 2018
Overnight dollar gains have been led by 1.2% increases against the yen and Australian dollar, a 1.1% appreciation relative to the kiwi, and a 1.0% advance vis-a-vis the peso. The dollar also strengthened 0.8% versus the loonie and sterling, 0.6% against the Swiss franc and 0.5% relative to the euro. There was only a 0.1% […] More
Stronger Yen and Dollar ahead of U.S. GDP Figures
October 27, 2017
The earliest estimate of U.S. third-quarter GDP growth gets released shortly. Forecasters anticipate similar growth to the 3.1% result in 2Q. The dollar meanwhile has continued to strengthen against the euro (0.3% overnight) in response to contrasting monetary policies. Trump is expected to replace Yellen with a more hawkish person to lead the Fed, while yesterday’s […] More
May Day 2015
May 1, 2015
Many markets particularly in Europe are shut for May Day. This has held down the usual flood of manufacturing PMIs on the first day of the month. Japanese inflation picked up for the first time in almost a year, but Japan’s factory purchasing managers index edged below the no-change threshold. The British PMI printed significantly […] More
No Progress in U.S. Debt Ceiling Talks
July 25, 2011
Risk-on trading has returned. The Swiss franc and yen rose 1.8% and 0.5% against the dollar, which has also slipped 0.2% against the euro and 0.1% relative to the Canadian and New Zealand dollars. The dollar has firmed 0.1% against sterling and is unchanged versus the yuan. Gold leaped 1.2% to $1620.20 per ounce. No […] More
