Central Reserve Bank of Peru
Large Rise in Dollar and Sovereign Debt Yields
March 12, 2021
Yesterday was a momentous day for the Biden Administration. He signed the nearly $1.9 trillion American Rescue Plan on the one-year anniversary of last year’s Covid lockdown and then gave his first prime time address to the nation, setting a goals for vaccinations and a start of permissible family gatherings. Overnight, the trade-weighted dollar climbed […] More
Dollar Rose Slightly
February 12, 2021
The dollar recovered 0.5% against the Mexican peso and New Zealand dollar, 0.3% relative to the Swiss franc and Australian dollar, 0.2% versus the euro, yen, and loonie, and 0.1% against sterling overnight. On a trade-weighted basis, the U.S. currency is up 0.2% and trading in the middle of today’s high-low corridor. Lunar New Year […] More
Market’s Initial Reaction to American Rescue Plan Not Favorable
January 15, 2021
U.S. stock futures point to a decline of at least 0.5% at the open. Stock markets closed Friday with losses of 2.0% in South Korea, 1.1% in India, 0.9% in Indonesia, 0.8% in New Zealand, 0.6% in Taiwan and Japan. Equities are currently down about 1% in the U.K., Germany, France and Spain. The 10-year […] More
Stymied Effort to Get Fiscal Package and Covid Concerns Depress Stocks and Lift Dollar
December 11, 2020
While bipartisan consensus has emerged over the size of a U.S. fiscal stimulus (slightly above $900 billion), disagreement over the composition of relief and particularly over the issue of liability protection for businesses continues to prevent a senate vote before Christmas. There also is no trade deal yet between Great Britain and the European Union, […] More
Additional Leap in U.S. Covid Cases; Euroland 3Q GDP and U.S. PPI Headline Data Menu
November 13, 2020
The dollar is slightly weaker today, with overnight losses of 0.4% against the peso, 0.3% versus sterling, 0.2% vis-a-vis the yen and Australian dollar, and 0.1% relative to the Swiss franc. The dollar is also unchanged against the yuan and euro. Covid News continued to weigh on Asian equities, which dropped 0.9% in China, 0.7% […] More
Markets Looking Beyond Today’s Jobs Report
May 8, 2020
America’s imposed business shutdown will be reflected in today’s April jobs report, which analysts expect to show a 22 million dive in jobs and an unemployment rate that tops 15%. This will be the weakest labor market data since the Second World War, and ironically today marks the 75th anniversary of the end of fighting […] More
European GDP, U.S. Retail Sales and Industrial Production, Continuing Coronavirus Spread, and Another Trump Dispute With Own Government People
February 14, 2020
From a news standpoint, Friday has been a very busy day, but financial market movements have been tempered. Mid-morning in NY finds the dollar up 0.2% against the Swiss franc and sterling and plus-or-minus 0.1% relative to other key currencies. Share prices fell 0.6% in Japan and 0.5% in India and New Zealand but up […] More
Many Industrial Production Reports as Well as U.S. Jobs Day
January 10, 2020
Markets marked time ahead of the U.S. December labor market statistics. The dollar didn’t react much afterward, either. As of 08:10 EST, the dollar was up 0.2% against the Swiss franc and 0.1% relative to the euro and yen. The greenback was unchanged vis-a-vis the loonie and kiwi but down by 0.3% against the peso […] More
British Election Lifts Sterling… U.S.-Sino Phase I Progress Boosts Stocks
December 13, 2019
Boris Johnson’s Conservative Party won 365 parliamentary seats, clearing the majority threshold by 39 seats. The Conservatives won 43.6% of the votes to Labour’s 32.2% share. Sterling in response catapulted to an 18-month high of $1.3515 but has settled back to a still impressive 1.3% net overnight advance against the dollar. The greenback also touched […] More
Central Reserve Bank of Peru
November 8, 2019
The Central Reserve Bank of Peru late yesterday announced a 25-basis point reduction of its reference interest rate to 2.25%. This follows a similar cut in August. There were also two 25-basis point cuts in the first quarter of 2018 and three such cuts in the second half of 2017. A released statement observes weakness […] More
