British CPI

Weaker Dollar and World Share Prices Ahead of Key U.S. Data Releases

August 16, 2016

The dollar fell overnight by 1.3% against the yen (now showing a 99 handle), 1.2% relative to the Swiss franc and kiwi, 1.0% versus the euro (which is near 1.13), 0.9% vis-a-vis sterling (hurt by a rise in British inflation), 0.8% against the Aussie and Canadian dollars, and 0.3% versus the yuan. Japan’s Nikkei closed […] More

Relentless Market Pessimism

June 14, 2016

A slew of opinion polls in the U.K. elevate the risk of a vote to leave the European Union as a major newspaper endorses that choice. The Federal Open Market Committee begins a two-day meeting today.  The Fed will release new macro forecasts after the meeting ends, and Janet Yellen will preside over a press […] More

Concerns about Europe

February 16, 2016

European markets had rallied Monday, spurred by upbeat remarks from ECB President Draghi regarding the economic outlook and the readiness of central ban policymakers to act further to stimulate growth and boost inflation closer to target.  But Tuesday saw a return of risk aversion related to concerns about the health of European banks and the […] More

Share Prices Up, Dollar Fairly Steady Awaiting U.S. CPI and Industrial Production Data

November 17, 2015

The dollar is unchanged against the Canadian dollar and sterling.  It has risen 0.3% versus the Swiss franc and kiwi, 0.2% relative to the euro, and 0.1% vis-a-vis the yuan and yen but lost 0.3% against the Australian dollar. The Aussie dollar was buoyed by Reserve Bank of Australia minutes of the November 3rd Board […] More

New Wave of Volatility and More Disinflationary Data

October 13, 2015

Yesterday’s plunge in oil prices has been followed by news of a 20.4% on-year decline in Chinese import prices and a 1.1% slide in the Aussie dollar against its U.S. counterpart. The greenback is also up 0.7% against sterling, 0.4% relative to the loonie, 0.5% vis-a-vis the kiwi, and 0.3% against the yuan.  The dollar […] More

Greek Dismay and a Nuclear Deal Reached with Iran

July 14, 2015

The price of West Texas Intermediate crude oil fell 2.1% to $51.12 per barrel on news that deal was reached to greatly relax economic sanctions on Iran in exchange for constraints on Iranian nuclear production and enhanced western access to inspecting Iranian facilities.  The agreement follows nearly three weeks of intense talks and is opposed […] More

Stronger Pound and Yen, Weaker European Share Prices and Commodities

April 14, 2015

The dollar is 0.4% softer against sterling and the yen but otherwise little changed. Gold and oil have fallen by 0.7% and 0.4% to $1,190.7 per ounce and $52.11 per barrel. Stocks have declined by 1.6% in Hong Kong, 1.3% in Italy, 1.1% in Spain and 0.7% in Germany. The 10-year German bund is a […] More

Weaker Pound and Dollar

March 24, 2015

The dollar advanced 0.4% relative to sterling but is otherwise down by 0.8% against the Swiss franc, 0.3% versus the yen and loonie, 0.2% vis-a-vis the euro and Australian dollar and 0.1% against the kiwi and yuan. Preliminary purchasing manager surveys for March, based upon roughly 85% of the information in the final tallies, were […] More

Point of No Greek Return Moved to Friday

February 17, 2015

Neither Greek officials nor their creditors have budged.  The creditors want an extension of the bailout under existing terms, while Greece wants a bridge loan with new terms.  The Greek side walked out of today’s discussions, calling the other side’s proposal unacceptable and absurd.  The creditors are giving Greece until Friday to reconsider.  Otherwise, Greece […] More

Interesting Data Results and More More Volatility

January 13, 2015

10-year sovereign bond prices and European share prices both rose, as did the dollar and price of gold.  But oil dropped below $45. British CPI inflation halved in December to a 15-year low of 0.5%, seemingly pushing the onset of Bank of England tightening further into the future. China recorded a $49.61 billion trade surplus […] More