Canada CPI

Risk Aversion Returns

May 18, 2022

It’s not surprising that the investor move back into riskier assets over the prior three sessions proved to be short-lived because the reasons behind this year slide in equities and rise of the dollar hadn’t disappeared. The three main U.S. stock market indices are down 0.5-1.0% in futures trading. Smaller dips have occurred in Europe. […] More

Intensifying Onslaught in Ukraine and Concerns over the Weakness of the Yen and Yuan

April 20, 2022

The weighted dollar index got as high as 101.04, a 2-year high, overnight. Dollar/yen touched a 20-year peak of 129.4, prompting a verbal protest against the yen’s slide from Japan’s finance minister. In the past, verbal complaints about currency values served as a threat to the possible use of direct foreign exchange intervention if the […] More

More Macroeconomic Relief around the World

April 22, 2020

The U.S. Congress approved a fourth fiscal package that’s just a tad short of $500 billion. South Africa unveiled $26 billion of fiscal support, which is equal to about a tenth of GDP. The Bank of Mexico Governing Board held an unscheduled meeting, cutting its policy rate for the third time this year. Along with […] More

Wednesday Brings Mix of Data and Market Movements

August 21, 2019

Compared to closing dollar levels on Tuesday, the greenback has declined 0.4% against the loonie and peso and by 0.3% relative to the Australian dollar. Alternatively, the U.S. dollar is up 0.3% against the Swiss franc, 0.2% versus the yen and sterling and 0.1% against the yuan. Once more the euro shows no net change […] More

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