China trade surplus
Wave of Risk Aversion Following Moody’s Downgrade of Mid-Sized Banks and China’s Weak Trade Figures
August 8, 2023
Ten-year sovereign debt yields plunged overnight by 16 basis points in France, 15 bps in Germany and Spain, 12 bps in the U.K. and nine basis points in the United States. Prices for gold and oil have dropped 0.4% and 2.3%, while that for Bitcoin advanced 0.7%. Share prices fell 1.8% in Hong Kong and […] More
Dollar Down as Investors React to Surprisingly Strong U.S. Jobs and Chinese Trade Data
August 8, 2022
All economic upswings end eventually, but better-than-forecast economic data releases on Friday and Saturday have persuaded investors that a downturn in the United States and world economies is not a clear and present danger. U.S. congressional movement closer to a broad bill to counter global warming has also buoyed optimism. The dollar, which has for […] More
Rising Inflation Lifts Interest Rates, the Dollar and the Price of Gold
April 13, 2022
The hope is that March might see inflation crest, but investors have heard that story before only to be disappointed. Fresh on the heals of yesterday’s U.S. March CPI data (a 483-month high of 8.5% in the total index and a 475-month 6.5% high of core CPI), U.S. producer price data arrive today. The Federal […] More
Commodity Prices Soar
March 7, 2022
The prices of WTI oil and wheat — the two main exports of Ukraine and Russia — have posted overnight jumps of 6.2% and 7% as Nato allies are reportedly considering an embargo on imports of Russian energy. Gold briefly poked above $2000 per ounce overnight for the first time in a year and a […] More
Many Data Already Reported… Now Waiting for U.S. CPI and FOMC Minutes
October 13, 2021
The dollar slipped overnight by 0.3% against the Swiss franc and sterling, 0.2% versus the euro, peso and on a DXY weighted basis, and 0.1% relative to the Canadian dollar, Chinese yuan, and Turkish lira. Ten-year sovereign debt yields have dropped four basis points in Germany and five bps in the U.K. but only a […] More
Tension on Several Fronts but Market Moves Muted Overnight
January 14, 2021
President Trump has been impeached by the House of Representatives for the second time in 13 months. The Senate trial will commence soon after he leaves office. New Covid cases and deaths remain highly elevated in many countries. The British daily death toll set a record yesterday. Bank of Japan Governor Kuroda said monetary stimulus […] More
A Drop in Sterling and China Records a Record Trade Surplus
December 7, 2020
The dollar is unchanged from the Friday closing levels against the euro, yen and Swiss franc and shows insignificant net changes against the loonie, kiwi, Australian dollar and yuan. But a big 1.0% appreciation has occurred against sterling amid news that the EU and U.K. trade negotiators remain far apart with time running out for […] More
Continuing Interplay of Covid and Economic Data
July 14, 2020
Covid-19 infestations in Texas, Florida, and California cast a big cloud on U.S. economic recovery prospects. The global Covid case and death counts climbed 204k and 4.1k in the past 24 hours. The dollar rose overnight by 0.3% versus the Chinese yuan, 0.2% against sterling and the kiwi, and by 0.1% relative to the yen […] More
More Inflation Data, Japanese Current Account, and Chinese Trade Figures Released
January 14, 2020
Compared to closing levels yesterday, the dollar is unchanged against the yen, peso, and sterling, up 0.3% against the kiwi, 0.2% versus the euro, and 0.1% relative to the Canadian and Australian dollars but down 0.2% against the Swiss franc and 0.1% versus the Chinese yuan. Phase One U.S.-Sino trade pact is reportedly ready to […] More
Dollar and Sovereign Debt Yields Firm… Commodity and Share Prices Lower
November 8, 2019
The dollar appreciated overnight by 0.6% against the kiwi, 0.3% versus the Australian dollar, 0.2% relative to the loonie, yuan, and peso, and 0.1% vis-a-vis the yen, euro, sterling and Swiss franc. The 10-year gilt and U.S. Treasury yields extended their rise by another three basis points. Comparable sovereign debt yields in Italy, Greece, Portugal […] More
