Chinese money and credit growth
Covid and U.S. Politics in the Forefront
January 12, 2021
The dollar ticked up 0.1% against the yen overnight and held steady on balance versus the euro, but has slipped moderately against other key currencies such as sterling (0.5%), the Mexican peso (0.7%), the Canadian and Australian dollars (0.3%), the Chinese yuan (also 0.3%), the kiwi (0.2%) and the Swiss franc (0.1%). U.S. equity futures […] More
Little Dollar Movement but Fairly Interesting Data
February 13, 2015
The dollar is unchanged against the yen, yuan and sterling, up 0.2% against the euro and 0.1% versus the loonie, and down 0.2% relative to the Swiss franc, kiwi and Australian dollar. European fourth-quarter GDP figures and Chinese money and credit growth were released. Markets are encouraged about a Ukraine ceasefire. Sides in the Greek […] More
Fed Taper Speculation
December 11, 2013
The first reduction of quantitative easing appears more likely because Democrat and Republican congressional leaders reached a 2-year tentative budget deal that President Obama is said to support. The legislation still must get approved by the full senate and house of representatives and, if so done, would avert a government shutdown next month. The risk […] More
Euro Stronger and Dollar Soft
April 11, 2013
The euro reached new highs of $1.3135 and JPY 130.84. The yen matched but did not go through yesterday’s low of 99.87 per dollar. On balance since Wednesday’s closing levels, the dollar shows losses of 1.0% against the kiwi, 0.6% versus the loonie, 0.5% relative to the Swiss franc, 0.4% against the euro and sterling […] More
Softer Dollar
September 11, 2012
The dollar has lost 0.6% against the kiwi, 0.5% against the euro, 0.4% versus the loonie and Australian dollar, 0.3% relative to the Swiss franc and yen, and 0.2% against sterling. The yuan is steady. The euro strengthened to $1.2821, its firmest level since May 21st. Euro debt concerns continued to weigh on European equities, […] More
Swiss Franc Retreats Further
August 12, 2011
In the face of a multi-pronged official attack on its strength, the Swissy continued to weaken overnight, touching 1.1050 per euro, 8.9% below Tuesday’s peak of 1.0071. The short selling came in the face of negative Swiss interest rates and rumors that ECB and SNB officials aim to peg the CHF/EUR relationship near 1.15. The […] More
