British labor statistics

Softer Dollar Ahead of U.S. CPI Release

June 13, 2023

The dollar in overnight trading lost 0.5%¬† against sterling, 0.4% versus the euro and Aussie dollar, and 0.3% relative to the Swiss franc. Alternatively, the dollar touched a fresh record high of 24.106 Turkish lira but subsequently unwound the incremental gain and a tad more. Much is riding on today’s U.S. CPI figures, which analysts […] More

Chinese Data Greeted With Muted Market Reaction

January 17, 2023

A large menu of Chinese data releases proved not as weak as expected, but can the figures claimed by Beijing officials be believed as accurate? The muted reaction of investors suggests not. Chinese real GDP stagnated last quarter. Analysts were looking for a quarterly contraction of about 1% and consequently weren’t expecting year-on-year growth of […] More

Stagflation Breezes this Ides of March

March 15, 2022

Concerns that China will pay a price for supporting Russia’s invasion of Ukraine led to a huge rout in the Shanghai equity exchange, which tumbled 5.6% today, as in its vassal Hong Kong, the Hang Seng plunged by a similar 5.7%. Equities also closed down 2.0% in Taiwan, 1.3% in India and 0.7% in Australia. […] More

Data Mix of Elevated Inflation Despite Moderating Growth

October 12, 2021

Today’s menu of price data around the world revealed The highest rate of Japanese domestic producer price inflation (6.3%) since September 2008 and also a larger 31.3% year-on-year leap in import prices. The steepest on-year jump in German wholesale prices (13.2%) since June 1974. As then, energy played a prominent role in the spike. The […] More

Equities Retreat Additionally; Dollar Flattens

April 20, 2021

Monday’s drop in share prices has been extended amid concerns about the pandemic and higher inflation. Stocks closed down 2.0% in Japan, 0.7% in Australia and New Zealand, 0.6% in Singapore and 0.1% in China. Losses so far in Europe range between 0.8% and 2.0% in Switzerland, Germany, the U.K., France, Italy and Spain, and […] More

Dollar Strengthens on Comparatively Better U.S. Economic and Vaccine Deployment Outlook

March 23, 2021

The dollar advanced broadly overnight¬†by 1.8% against the New Zealand dollar, 1.4% relative to the Turkish lira, 1.0% versus the Australian dollar, 0.7% against the Mexican peso, 0.6% vis-a-vis the Swiss franc and sterling, 0.5% against the euro and 0.4% versus the Canadian dollar and on a trade-weighted basis. Investors are awaiting today’s releases of […] More

Investors Watching U.S. Earnings Reports and Awaiting FOMC Meeting Results

January 26, 2021

There continued to be a lack of definitive market direction on Tuesday. A two-day policy review by the Federal Open Market begins today. In Congress, members of the House of Representatives delivered their impeachment edict to the senate, but a trial will not begin in earnest until February 9 in order to allow confirmation of […] More

Electoral College Honors Voters’ Choice and Picks Biden; Data Focus on China

December 15, 2020

The dollar is little changed today. It’s biggest move, a 0.4% decline against sterling, comes as trade talks were extended past the deadline and as British labor market data revealed a full return of average wage earnings growth to the pre-pandemic pace but also a larger-than-forecast 64.3k jump in jobless insurance claims due to a […] More

Covid-Related Setbacks in European Confidence, a Smaller Chinese Trade Surplus, and Another Day for Barrett Confirmation Hearings

October 13, 2020

Some risk aversion has returned to Europe. In many countries there, lockdown restrictions against Covid-19 have had to be tightened. And data reports out today reflect rising concern. For example, the ZEW expectations index of financial investor confidence toward Germany suffered a big setback this month, dropping to a five-month low of 56.1 from September’s […] More

Further Erosion of Dollar’s Value

September 15, 2020

The dollar dropped 0.6% to a 16-month low against the Chinese yuan overnight and also lost 0.5% relative to the Australian dollar, 0.4% vis-a-vis the Mexican peso, 0.3% versus the kiwi, Swiss franc, loonie, euro and sterling, as well as 0.1% against Japan’s yen. The latest declines bring the dollar’s trade-weighted depreciation over the past […] More

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