British consumer confidence

Investors Selling Just About Everything for Dollars

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

Stock Markets Looking Vulnerable

September 25, 2020

This has been a difficult week for risk-laden assets but a good one for the dollar because of its safe-haven appeal. In turn, that property of the U.S. currency is ironic, given mounting uneasiness that President Trump may not accede to a peaceful transition of power should he lose the election. Stock markets are lacking […] More

The Usual Month-End Flood of Economic Data but Little Overnight Movement in the dollar

October 31, 2018

The dollar is unchanged against the euro and loonie, 0.1% firmer relative to the yuan and Swiss franc, 0.2% higher vis-a-vis the yen, Aussie dollar and kiwi. Somewhat larger moves have happened against sterling (a drop of 0.5%) and the Mexican peso (a rise of 0.5%). Gold fell 0.6%. Following the rebound Tuesday of U.S. […] More

Yen Climbs Further Even as Japanese Golden Week Holidays Begin

April 29, 2016

The yen touched an 18-month high of 106.9 per dollar and is up 0.9% on balance from Thursday’s close.  The trade-weighted dollar is close to a one-year low. Japanese markets were closed for Showa Day.  Next week’s continuing Golden Week holidays are Constitution Day (May 3), Greenery Day (May 4) and Children’s Day (May 5).  […] More

Fragile End to a Fragile Week in Financial Markets

March 23, 2012

The euro is trading 0.4% higher at $1.3252 in spite of new evidence released yesterday that Europe is in recession.  The dollar has also declined 0.6% versus the Swiss franc, 0.5% relative to the kiwi, 0.3% against sterling, and 0.2% versus the Aussie dollar.  The Canadian dollar is exactly at parity against the greenback, which […] More

Euphoria Dissipating

October 28, 2011

Markets today show a lack of follow-through after Thursday’s euphoric relief rally. The dollar recovered 0.4% against the Australian dollar, 0.3% versus the kiwi and Swissie, and 0.1% against the euro.  The greenback has slipped 0.1% against sterling and the yen and is steady against the loonie and yuan. Asian stocks enjoyed further sizable gains […] More