China trade surplus

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

Softer Dollar as Second Week of July Draws to a Close

July 12, 2019

The dollar fell overnight by 0.5% against the Swiss franc, 0.4% versus the yen, 0.3% relative to the Australian dollar, and 0.2% vis-a-vis the loonie, peso, and sterling. EUR/USD is unchanged, however. The S&P 500, Hang Seng, Nikkei, and German Dax are barely changed, but Chinese equities rose 0.5% after release of Chinese data showing […] More

Dollar, Stocks and Bond Yields Mostly Lower

November 8, 2017

The dollar declined overnight by 0.5% against the yen, Aussie dollar and kiwi, 0.4% relative to the peso and loonie, 0.2% versus the yuan and 0.1% relative to the Swiss franc. The dollar’s unchanged against the euro and 0.4% stronger against sterling, which continues to be depressed by the fractious state of British politics and […] More

More Evidence of Subdued Inflation

October 13, 2017

The dollar fell overnight by 0.7% against the Australian dollar, 0.6% relative to the kiwi, 0.4% versus the yen and sterling, 0.3% vis-a-vis the Swiss franc, 0.2% against the euro and 0.1% versus the yuan. The peso and loonie remained unchanged even as President Trump suggests that it may not be possible to fix the […] More

Diving Chinese Trade Surplus Steals the Spotlight

April 13, 2015

China’s $3.08 billion trade surplus last month was 95% smaller than the average of $60.4 billion over the six prior months and the weakest monthly result since February 2014.  Exports recorded a 15% on-year drop instead of rising 10% as analysts were assuming.  Imports fell by 12.7% from the year-earlier level. There were also several bits […] More

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