British current account

Big Day for Data, Dollar and Stocks Mixed

June 30, 2017

It’s the end of the month, end of the quarter, middle of the year and the eve of a long U.S. holiday weekend. That means a flood of data are getting released. For many organizations, its the end of a fiscal year. Stocks fell in the Pacific Rim but are recovering in Europe. Share prices […] More

Narrowly Mixed Dollar

December 23, 2015

The biggest dollar move overnight is a 0.5% slide against sterling.  Otherwise, the U.S. currency is down 0.2% versus the loonie and 0.1% relative to the yen, unchanged vis-a-vis the yuan, and up 0.2% against the euro, Swissie and kiwi and 0.1% firmer relative to the Aussie dollar. West Texas Intermediate crude oil was bid […] More

Euroland Sentiment Indices Unexpectedly Buoyant

March 28, 2014

The dollar has risen 0.2% against the yen and 0.1% versus the Swiss franc and Australian dollar but also shows losses of 0.1% against hte kiwi, loonie and sterling.  The yuan and euro are unchanged against the dollar. Share prices in the Pacific Rim climbed 1.1% in Hong Kong, 1.0% in Indonesia, 0.6% in India, […] More

Concerns about Western Growth and Chinese Money Markets

September 26, 2013

The dollar fell 0.6% against the kiwi overnight but is otherwise narrowly mixed with upticks of 0.2% against the euro and yen and 0.1% versus the Swiss franc and sterling but downticks against other commodity-sensitive currencies like the loonie (0.1%) and Aussie dollar (0.2%).  China’s yuan held unchanged. China’s central bank made another large liquidity […] More

Confidence in Europe Hurt by Cyprus Situation

March 27, 2013

Cypriot banks will reopen tomorrow with capital controls.  Uninsured large depositors have taken a big hit. The euro sank as low as $1.2787, its weakest dollar value since November 21, 2012. There is fear of contagion in Europe.  While stocks in the Pacific Rim closed mostly higher, European equities are down 1.7% in Spain, 1.2% […] More

Austerity Vote by Greek Parliament Delayed to Wednesday

June 28, 2011

The dollar is narrowly mixed, showing gains of 0.2% against sterling and 0.1% versus the euro, kiwi and Canadian dollar but losses of 0.3% against the Swiss franc, 0.2% relative to the yuan, Aussie dollar, and Japanese yen. Equities rose overnight by 0.7% in Japan, 0.4% in India and Indonesia, 0.3% in Australia, 0.2% in […] More