Chinese Data, MLK Day and First Central Bank Rate Change of 2021

January 18, 2021

Financial markets this Monday will lack U.S. leadership due to the observance of MLK Day. In the wake of aroused racial strains that culminated in the 1/6 domestic terrorism attack on the nation’s capitol, there is extra poignancy to this year’s observance and uneasiness that more violence may mar this day. The National Bank of […] More

Dollar Softens but Stocks Take a Step Back ahead of U.S. Data

November 17, 2020

The dollar overnight lost 0.5% against sterling and the Chinese yuan, 0.3% relative to the yen, 0.2% versus the euro, Swiss franc and loonie, and 0.1% vis-a-vis the Australian dollar. Share prices had closed down 0.2% in China and South Korea and are currently down 1.2% in the U.K. and Spain, 0.4% in Germany and  […] More