Australian unemployment

Inflation Taking No Days Off for the Holiday

November 11, 2021

Today marks the 103rd anniversary of the “war to end all wars,” which is known by a variety of different names — for instance, Armistice Day in France and Germany, Remembrance Day in Canada and Veterans Day here in the United States. U.S. stock markets will be open, but no U.S. data releases are planed. […] More

Stocks and Dollar Falter as Sovereign Debt Yields Resume Their Rise

February 18, 2021

Overnight dollar losses range from 0.7% against sterling to 0.4% relative to the Aussie and New Zealand dollars, 0.3% versus the euro, Swiss franc and peso and 0.2% relative to the yen and loonie. The trade-weighted dollar is 0.3% softer. Ten-year sovereign debt yields are up four basis points in the U.K., lifting the pound […] More

Solid Day for the Dollar But Stocks Struggle in Several Markets

February 20, 2020

The euro slid overnight to a 1-year low of $1.0777, and the dollar also hit a 42-week high against the yen of 112.18 and to close to an 11-year peak of 0.6617 per Australian dollar. Sterling fell to $1.2849, a quarterly low, and the yuan weakened 0.4% and past the 7.000 per dollar threshold. The […] More

Brexit Deal Reached, Congressman Cummings Dead, and Beige Book Reflects Slowdown

October 17, 2019

Several big stories hit the wires this morning. First, Congressman Elijah Cummings of Maryland, Chair of the House Oversight and Reform Committee and a leading figure in the investigation of President Trump, has died at age 68. He’d had several health problems, but exact details of cause of death were not provided. Second, British Prime […] More

Several Central Bank Rate Cuts and Data Surprises Lift Dollar

June 11, 2015

The U.S. dollar leaped 2.8% against its New Zealand counterpart and also rose overnight by 0.9% against the yen, 0.6% relative to the euro, 0.4% versus the loonie, Aussie dollar and sterling, and 0.3% vis-a-vis the Swiss franc.  Chinese officials held the yuan steady. The Reserve Bank of New Zealand’s Official Cash Rate was sliced […] More

Bad Aussie Jobs Data and a Focus on Central Bank Meetings

August 7, 2014

The Australian dollar fell 0.9% overnight and to a 2-month low of USD 0.9259 after unexpected news that Australia’s jobless rate jumped 0.4 percentage points in July to a 12-year high of 6.4%.  Employment had been forecast to rise over 10K but instead slipped by 0.3K due to a 14.8K slide in part-time workers.  The […] More

More Successful Sovereign Debt Auctions in Euro Area

January 19, 2012

Spain was able to auction EUR 6.6 billion of sovereign debt, about 50% more than planned, while a French auction fetched a lower yield. The dollar fell 0.4% against the Swiss franc and euro.  The euro got as high as $1.2919 versus a 17-month low of $1.2624 last Friday.  The franc is closer to testing […] More