British GDP and current account
Softer Dollar
December 22, 2025
(160) The dollar fell overnight by 0.6% against the Australian and New Zealand currencies, 0.5% versus sterling, and 0.3% relative to the yen, euro, Swiss franc and Canadian dollar. With the yearend holidays now at hand, the U.S. currency has settled into the cadence of its initial years after floating in 1973 when it fell […] More
Quarter-End Ushers in Crunch Time for U.S. Budget Bill and Trade Talks as Well as A Flood of Data
June 30, 2025
(185) It’s do-or-die time for President Trump’s big beautiful budget tax and spending bill, and the July 9th deadline for bilateral trade deals that would greatly scale back threatened huge reciprocal tariffs is just over a week away as well. The U.S. senate is closing in on the final debate and vote on the bill, […] More
U.S. Personal Consumption Report and Many European Data Releases
March 28, 2025
Shortly before the release of U.S. personal income, PCE and the PCE price deflator this Friday morning, the dollar was showing overnight advances of 0.3% against the euro and peso, 0.2% versus the the Swiss franc and sterling, and 0.1% relative to the Canadian dollar. The dollar benefited from tariphobia. Uncertainty ahead of next Wednesday’s […] More
The Start of Christmas Week Finds Dollar Atypically Well-Bid
December 23, 2024
More years than not since the onset of flexible dollar rates, the U.S. currency has exhibited a soft tendency in late December. This seasonal bias was especially pronounced early on, as the dollar fell against the Deutsche mark between mid-December and yearend 13 of 14 times from 1974 through 1987. But compared to closing levels […] More
Quarter-End and Supercharged 8.1% Leap in Chinese Equity Market Sucks the Energy Out of Other Stock Markets
September 30, 2024
Just prior to China‘s week-long national holiday, more measures were announced to support that economy’s depressed housing market and help secure this year’s overall goal of 5% GDP growth. The release of September purchasing manager surveys suggest that the stimulus is badly needed. The government-compiled NBS non-manufacturing PMI printed at a 21-month low of 50.0, […] More
Fed Showing Patience Amid Robust U.S. Economic Data
March 28, 2024
Governor Waller is the latest top Federal Reserve Governor to affirm the prudence to not cutting rates as soon as the FOMC had been signaling earlier this year. This patience in the face of robust U.S. economic data has not adversely affected investor sentiment the way such did not long ago. U.S. equities are so […] More
Monthend, Quarterend, and a Flood of Rain and Data Reported
September 29, 2023
The 10-year U.S. Treasury yield was at 4.55% just prior to 08:30 EDT, down from Thursday’s intra-day and 194-month high of 4.68%. This respite was aided by some remarks from Fed officials suggesting that coming rate moves have not been decided yet. German, French, Spanish and Italian 10-year sovereign debt yields are 7-8 basis points […] More
Many Data to Absorb on Final Day of Second Quarter
June 30, 2023
It’s been a good Friday for equities, which closed up by 1.3% in India and 0.6% in China and South Korea. A sharper-than-forecast 1.6% drop of Japanese industrial production in May left the Nikkei with a 0.1% downtick, and Hong Kong’s Hang Seng index also slipped 0.1% on the day. However, share prices are showing […] More
A Typical Quarter-End Deluge of Economic Data
March 31, 2023
Prior to the U.S. release of personal income and spending, the dollar was showing overnight gains of 0.4% against the Swiss franc, Japanese yen and Australian dollar and of 0.3% versus the euro and on a weighted basis as measured by the DXY index. Nonetheless, the dollar over the whole first quarter lost ground on […] More
Fresh Reality Check Drives Stocks, Bonds and Crypto Lower but Dollar Up
December 22, 2022
The dollar strengthened 0.8% against the New Zealand currency, 0.6% relative to sterling, 0.5% versus the Australian and Canadian dollars, and 0.4% vis-a-vis the Swiss franc but just 0.1% against the euro and not at all versus the Japanese yen or Chinese yuan so far today. Equities had done mighty fine in the Pacific Rim, […] More
