China trade surplus
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
Steadier Currency Landscape
November 8, 2013
The euro sank yesterday to as low as $1.3294 after the surprise ECB rate cut, but the lows didn’t hold. Key currency relationships are steady today. The euro is at $1.3419 and unchanged from Thursday’s close. The dollar is also unchanged against the loonie, Australian dollar, sterling and yuan. The greenback has edged up 0.1% […] More
Misgivings Surface about EU Summit
December 12, 2011
In an inactive day from a data release standpoint, Commodity prices, European stocks and major European currencies have weakened. The pattern is all too familiar. The immediate immediate market reaction to plans to stop the euro debt problem is fleeting once analysts point out that symptoms but not causes have been addressed. The dollar has […] More
Softer Chinese Data on FOMC Day
August 10, 2010
Stocks in Asia and Europe got walloped by Chinese data, slumping 2.9% in China, 1.5% in Hong Kong and Thailand, 1.3% in Pakistan, 1.2% in Australia, 0.9% in France, 0.8% in Indonesia and Germany, 0.5% in South Korea, Great Britain, and Spain, and 0.4% in India and Singapore. Japan’s Nikkei only edged 0.2% lower. The […] More
