Canada CPI
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
Large Jump in European Long-Term Interest Rates
September 20, 2022
Today is the Astart of the FOMC’s sixth scheduled policy review in 2022. A third straight 75-basis point hike to a range of 3.0-3.25% is anticipated, with the announcement due Wednesday at 14:00 EDT (18:00 GMT). Meantime, officials at the Swedish Riksbank today exceeded street expectations with a policy interest rate hike of a full […] More
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
