British GDP and current account

End of Third Quarter 2021

September 30, 2021

The DXY weighted dollar dipped 0.1% overnight but experienced a quarterly advance of around 2.5%. In the Pacific Rim, share prices on the final trading day of the quarter rose 1.9% in Australia, 1.4% in New Zealand, 2.0% in Indonesia, and 0.9% in China but fell by 0.4% in Hong Kong and 0.3% in Japan. […] More

Dollar and Equities Little Changed, but Considerable Data Were Released on this Final Day of 2Q

June 30, 2021

The dollar remained unchanged overnight against its DXY weighted index, the yen, loonie and sterling and shows an uptick of 0.1% relative to the euro and Australian dollar. The dollar nonetheless is headed for a strong advance in the second quarter, reflecting Covid trends and a tweaking of Fed forward guidance toward an earlier tapering […] More

Digesting the Debate and a Slew of Quarter-End Data

September 30, 2020

Last night’s U.S. presidential debate was violently repulsive and leaves an embarrassing after-taste. The dollar hasn’t reacted discernibly, however, with gains of 0.3% against the euro and Swiss franc and 0.2% relative to sterling, no net change relative to the Japanese yen, and dips of 0.1% vis-a-vis the loonie, Aussie dollar and yuan. There have […] More

Some Setbacks, Many Data Reports, and Powell to Testify

June 30, 2020

After a big gain on Monday, U.S. equity futures point to a lower Tuesday open. In Europe so far, share prices have settled back 0.7% in the U.K. and Spain, 0.4% in Italy, 0.3% in Switzerland and 0.1% in France. In the Pacific Rim, markets closed up 1.4% in Australia, 1.9% in New Zealand, 1.3% […] More

Typical Monthend Deluge of Data

September 30, 2019

On this final day of September and the third quarter, the dollar and sterling rose somewhat against other major currencies. The dollar is up 0.5% against the Swiss franc, 0.4% relative to the euro and kiwi, 0.3% vis-a-vis the yuan, 0.2% versus the Australian dollar and peso and 0.1% against the yen and loonie. Sterling […] More

Dollar Stages Moderate Rebound

December 21, 2018

Broad dollar gains overnight amount to 0.6% against the kiwi, 0.4% relative to the loonie and euro, 0.3% vis-a-vis the peso, Swiss franc, and yuan, 0.2% versus the Australian dollar and 0.1% relative to sterling. Dollar/yen is unbalanced. In the continuing follies that markets have come to expect from the U.S. government, Defense Secretary Mattis […] More

Quarter-End Rush of Data, Italian Fiscal Concerns, and U.S. Supreme Court Drama

September 28, 2018

The new populist government of Five Star in Italy passed a stimulative budget, with a deficit equal to 2.4% of GDP and well above what Italy’s Euroland colleagues wanted to see. In response, the country’s 10-year sovereign debt yield leaped 33 basis points to 3.22%, while the comparable Greek sovereign debt yield went up 16 […] More

Dollar Down a Bit, Stocks Go a Little Higher

March 29, 2018

The dollar has slipped 0.4% against the yen, 0.3% relative to the Aussie currency, 0.2% versus the peso, yuan and loonie, and 0.1% vis-a-vis the euro and Swiss franc. The dollar also edged up 0.1% against sterling overnight. British real GDP growth last quarter was confirmed to have risen 0.4%, down from a 0.5% increase […] More

Bank Share Price Woes Escalate as Quarter Draws to a Close

September 30, 2016

There’s been the usual cornucopia of data releases on the final business day of the calendar quarter, but the big story of the day involves Deutsche Bank, whose share price is down nearly 10%. Deutsche’s woes are dragging down other stocks in the global financial sector despite supposed safeguards built into the system in the […] More

Market Focus on Soft Global Economy

March 31, 2016

A little past noon in New York finds the dollar with scant change against the yen, sterling, and the Canadian and Aussie dollars, but the U.S. currency has slipped about a half percent vis-a-vis the euro and Swiss franc. European stocks are down.  North American Share prices are little changed.  Japan’s Nikkei fell 0.7%. The […] More

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