British CPI
Attention Shared by Central Bank Decisions & Year-end Data Deluge
December 17, 2025
The dollar rose overnight, led by gains of 0.5% against yen and sterling. The U.S. currency also appreciated 0.2% against the Australian currency and Mexican peso and 0.1% relative to the Swiss franc, euro, kiwi and won. Gold is 0.7% stronger, whereas Bitcoin has softened 0.4%. The price of gold bounced up 1.5%. Ten-year sovereign […] More
Sino-Japanese Geopolitical Tensions Reflected in Weak Yen and Nikkei Losses
November 19, 2025
Ramifications continued on Wednesday from Prime Minister Takaichi’s parliamentary comment that Chinese steps to seize control of Taiwan could elicit a military response from Japan. That insinuation during a Q&A session led to a forceful verbal response from Beijing officials. The yen fell another 0.4% overnight against the dollar and at 156.2 has depreciated by […] More
Central Banks and Inflation Data in the Forefront this Wednesday
June 18, 2025
The Federal Reserve’s interest rate announcement, updated forecasts and press conference due this afternoon are not the only central bank dog-and-pony shows for investors to absorb. They already have learned of unchanged interest rates in Indonesia, Chile and Georgia, as well as a 25-basis point rate reduction by officials at the Swedish Riksbank. The Federal […] More
Better-Than-Forecast Chinese Data, Another U.S. Tariff Initiative, and a Speech From Fed Chairman Powell Later Today
April 16, 2025
In overnight financial market action, the weighted DXY dollar index depreciated 0.6% and touched a 3-year low some 9.8% below its year-to-date high in mid-January. Dollar declines were pretty much across-the-board including losses of 0.9% against the Swissy, 0.7% versus the Korean won, 0.6% relative to the euro and 0.5% vis-a-vis the yen. Gold, up […] More
Electrifying Market Response to U.S. December CPI Data
January 15, 2025
At first glance, today’s huge sigh of relief by investors appears overly optimistic. They previously were fearful that disinflation may have run out of steam, or worse, given way to a fresh upward cycle. The total consumer price index increased 0.4% on month, propelled by a 2.6% leap in the energy component. Year-on-year inflation, a […] More
Heavy Diet of Price and GDP Growth Data
August 14, 2024
The dollar had lost 0.4% against the euro and 0.2% versus the Swiss franc and Chinese yuan an hour and a half into the U.S. trading day this Wednesday. Larger net movements of -1.0% and +1.0% had been clocked against the Mexican peso and New Zealand dollar, while values of the yen, sterling and Canadian […] More
A Focus on Central Banks, Particularly the Fed
March 20, 2024
At 14:00 EDT (18:00 GMT), the Federal Open Market Committee will telegraph the decisions from its second scheduled policy meeting of 2024. The federal funds rate target will be left at 5.25-5.50% where such has been since last July. An updated set of forecasts also at 14:00 EDT will provide the first indication of any […] More
Mideast Strains Escalate But Also An Upside Surprise from Chinese Data
October 18, 2023
Diplomat efforts to prevent a broadening war in the Middle East took a big hit from the missile strike on a hospital in Gaza that took hundreds of Palestinian lives. Like the Reichstag fire in February 1933 that cemented Hitler’s dictatorship, there have been mixed accusations regarding the perpetrators, and their full identity may never […] More
More Pessimism
May 24, 2023
The possibility of a U.S. debt default next month persists. Central Bank interest rates were raised today by 125 basis points in Iceland, 50 bps in Nigeria, and 25 bps in New Zealand. Europe’s largest economy has “suffered a setback” according to the May German business climate index compiled by the IFO Institute. Inflation according […] More
Superdollar Rises Again but This Week’s Bear Market Rally in Stocks Appears Out of Steam
October 19, 2022
The dollar climbed overnight by 0.9% against the euro and Swiss franc, 0.8% relative to sterling, 0.5% versus the Australian dollar, and 0.4% vis-a-vis the offshore Chinese yuan and the Canadian and New Zealand dollars. The weighted DXY dollar index is 0.8% higher. Treasury-compiled capital flow data reported late Tuesday revealed that a net $275.6 […] More
