Stronger Yen

January 23, 2015

Saudi Arabian King Abdullah has died.  Former Crown Prince Salman is the new king. The dollar has depreciated 0.8% against the yen while rising 0.9% versus the Aussie dollar, 0.5% relative to the euro, 0.3% vis-a-vis the yuan, 0.2% against the kiwi and 0.1% versus the loonie and Swiss franc. Sterling is 0.1% firmer against […] More

Japan, Spain and Greece in Spotlight

November 26, 2012

Minutes from the Bank of Japan’s October 30 Policy Board meeting accentuated the difficulty of overcoming deflation, with two of the nine members believing more stimulus is needed to boost inflation to the 1% target.  In a speech today, Governor Shirakawa acknowledged that the economy has weakened but deflected responsibility for ultimately overcoming deflation to […] More

U.S. Data Today Add to the Dismal Overnight Releases

June 23, 2011

Weak European data and the befuddlement of officials set a gloomy market tone before the United States opened.  Three U.S. economic indicators released this morning haven’t helped the mood. New jobless insurance claims totaled 429K in the week of June 18 and averaged 426.5K over the past four reported weeks.  In sequential four-week periods, the […] More