British labor market statistics
Interest Rate Concerns Drive Dollar Up and Equities Lower
January 16, 2024
Driven by hawkish central banker comments at the World Economic Forum in Davos, the dollar touched one-month highs overnight of 1.0873 per euro, 146.79 yen, 0.6595 per Aussie dollar, and 103.81 in the weighted DXY dollar index. Percentage appreciations from Monday closing levels amounted to 1.0% against the Mexican peso, 0.9% versus the Australian dollar, […] More
Wait and See
September 12, 2023
Financial markets are marking time ahead of tomorrow’s ECB rate announcement and press conference and the release of U.S. consumer price, producer price and import price data later this week. In spite of speculation that the peak in central bank interest rates may be close at hand, there have been adverse surprises regarding corporate earnings. […] More
Dollar Extends Gains
August 16, 2022
In spite of some weak data, the dollar climbed another 0.3% overnight relative to the euro and on a DXY weighted basis. The greenback also strengthened 0.6% versus the yen, 0.8% vis-a-vis the kiwi, 0.4% against the Swiss franc and Australian dollar and 0.2% versus the peso, yuan, and sterling. U.S. equities had risen on […] More
Dollar and Stocks Continue to Slide
November 15, 2017
Dollar losses overnight amounted to 0.7% against the yen, 0.5% versus the euro, 0.4% vis-a-vis the Swiss franc and kiwi, 0.3% relative to the yuan, 0.2% against the peso and 0.1% versus sterling. The yen touched a 4-week high, and the euro moved back above its January 1999 starting level. Ten-year sovereign debt yields are […] More
Several Disinflationary Signs Around the World
April 12, 2017
Chinese consumer prices fell 0.3% on month in March and remained below a 1% 12-month trend at 0.9%. PPI inflation settled back to a 2-month low of 7.6%. U.S. import prices posted a monthly drop (0.3%) for only the third time in the past year and a smaller on-year advance of 4.2%. Non-fuel import price […] More
The June FOMC Meeting Has Arrived
June 17, 2015
This week’s FOMC decision (due today at 18:00 GMT) and Yellen press conference (starting 30 minutes later) have been eagerly awaited ever since monetary officials signaled that their data-driven policy could begin to raise the federal funds rate as early, but not before, the June meeting. Analysts are not expecting that to happen but are […] More
