China GDP

Dollar Stronger on this Day of Important Developments

July 15, 2015

The dollar hit a high of $1.0954 per euro, strongest since July 7 and 4.4% above its June 18 low.  The euro has also weakened against sterling is is barely remaining above 0.7000 per pound. Compared to Tuesday closing levels, the dollar has risen 0.7% against the Swiss franc, 0.5% versus the kiwi, 0.4% vis-a-vis […] More

Less Concern about China and Europe –> Risk On

January 17, 2012

Chinese growth slowed less sharply than feared last quarter.  December industrial production and retail sales also eclipsed expectations. The ZEW Institute released much better-than-forecast measures of investor sentiment toward Germany and the euro area. British and Euroland consumer price inflation slowed last month. Like other recent sovereign debt auctions in Europe, Spain’s sales of 1-year […] More

More Bad News for Europe

October 18, 2011

The ZEW Institute released its October figures for Investor expectations toward Germany and Europe and suggested that Germany already may be in technical recession. The data were much worse than anticipated. For Germany, the expectations index worsened five points to minus 48.3, the lowest level since November 2008.  Such had been at +3.1 in May.  […] More

Chinese Statistics Rattle Investor Confidence

January 20, 2011

The euro advanced 0.2% on the dollar and also climbed against other currencies.  The dollar rose 0.9% against the kiwi, 0.6% versus the Australian dollar, 0.3% relative to the Canadian currency, 0.2% against the yen and 0.1% against sterling.  Dollar relationships against the Swiss franc and Chinese yuan are unchanged. Higher-than-expected Chinese GDP growth last […] More