Chinese trade surplus
Dollar Falls to 15-Month Low on a Weighted Basis
July 13, 2023
The weighted DXY dollar index is hovering just above 100, a threshold last crossed in April 2022 and down 12.7% from late last September. The dollar has weakened on yesterday’s lower-than-expect U.S. CPI inflation news and the published Beige Book that revealed economic stagnation in five of the twelve Federal Reserve districts, modest to slight […] More
Higher Long-Term Interest Rates Lifts Dollar and Depresses Stocks and Commodities
September 7, 2021
10-year sovereign debt yields are five basis points higher in the United States and Great Britain and up four basis points in Germany. The 10-year Japanese JGB yield, by contrast, is unchanged. The dollar rose 0.4% overnight against the DXY weighted index. The yen (up 0.3%) has outpaced the 0.1% upticks in the euro and […] More
Spotlight on the United States
April 13, 2021
U.S. consumer prices rose 0.6% last month, which was marginally more than forecast and the largest month-on-month increase in 103 months. The 2.6% 12-month increase in the CPI was 0.9 percentage points more than in February and constitutes a 31-month high. The energy component advanced 5.0% on month and 13.2% on year, but non-energy service […] More
Sterling and European Share Prices Falter
October 14, 2019
In this important week for the fate of Brexit, sterling dropped 0.9% against the dollar overnight. On a day with holiday closures in the United States (Columbus Day), Canada (Thanksgiving), and Japan (Health Sports Day), the dollar otherwise advanced 0.7% against the kiwi, 0.2% versus the euro, and 0.5% relative to the Australian dollar but […] More
Dollar Up, Stocks Listless, and Sovereign Debt Yields Lower as Week Draws to an End
July 13, 2018
The dollar rose overnight by 0.4% against the kiwi and yuan and by 0.2% relative to the euro, loonie, Swiss franc, Aussie dollar and sterling. The dollar dipped 0.2% versus the peso and 0.1% against the yen. The main pieces of economic news out today show A 67% widening of the Chinese global trade surplus […] More
Many Factors Weighing on World Stocks
October 13, 2016
Share prices around the Pacific Basin fell 1.6% in Hong Kong and India, 0.9% in South Korea, 0.7% in Australia, 0.5% in Indonesia, and 0.4% in Taiwan and Japan. Equities in Europe are so far showing losses of 1.6% in Greece, 1.3% in France, Germany and Italy, 1.1% in Spain, 0.9% in Switzerland, and 0.7% […] More
Post-Jobs Report Rally Extended
August 8, 2016
World stocks, oil, and emerging market currencies rose in further reaction to Friday’s better-than-expected U.S. jobs data that showed a 255K increase in employment last month and marginally stronger wage growth. Share prices advanced 2.4% in Japan, 1.7% in Hong Kong, 0.9% in China, 0.7% in Australia and South Korea, 0.6% in Taiwan and 1.5% […] More
Several Points of Keen Interest Despite U.S. Presidents Day Market Closure
February 15, 2016
A 1.2% increase in the Chinese yuan against the dollar was its biggest daily advance since a 2% revaluation engineered in July 2005. People’s Bank of China Governor Zhou made upbeat remarks about the yuan and China’s economy and balance of payments. The cause of U.S. Supreme Court Justice Scalia’s death was ruled a heart […] More
Eurozone Leaders Announce Agreement in Principle on a Greek Bailout
July 13, 2015
A third financial bailout for Greece contingent on the Greek parliament passing a long list of stringent economic reforms by Wednesday, July 15 was hammered out after around-the-clock weekend talks in Brussels that did not end until Monday morning. The deal includes higher VAT on restaurants, higher taxes on Greek shipping companies, ending tax breaks […] More
Interesting Data Results and More More Volatility
January 13, 2015
10-year sovereign bond prices and European share prices both rose, as did the dollar and price of gold. But oil dropped below $45. British CPI inflation halved in December to a 15-year low of 0.5%, seemingly pushing the onset of Bank of England tightening further into the future. China recorded a $49.61 billion trade surplus […] More
