ECB President Lagarde
Investors Wait Uneasily for U.S. February CPI on Otherwise Light Day for Data Releases
March 11, 2026
Despite Trump’s prediction that the war in Iran is nearly done, Iran still shows no inclination to negotiate. Ships aren’t going through the Strait of Hormuz, and the price of oil has rebounded over 3% to remain well over pre-war levels at more than $86.0 per barrel. The Paris-based International Energy Agency is recommending a […] More
British CPI Inflation Not as High in September as Thought
October 22, 2025
Less than 36 hours ago, investors were anticipating key meetings between President Trump and the leaders of Russia and China later this month. Symptomatic of other geopolitical flip-flops, each of those meetings now seems in doubt. This second Trump administration has been loaded with press events and other news-worthy events to a much greater extent […] More
Europe Commanding the Spotlight
June 6, 2024
Today’s 80th anniversary of the D-Day assault on Normandy Beaches finds Continental Europe at another crossroads. Allied defenders of democracy have struggled to maintain a cohesive response to the challenges posed by the axis of Russia, China and Iran as well as the troubling war between Israel and Hamas. European Union parliamentary elections begin today […] More
Investor Mood Torn Between Faith That Beijing Will Boost Chinese Growth and the Near Certainty that the ECB and Fed Aren’t Done Raising Interest Rates
June 27, 2023
Chinese Premier Li said Chinese growth appears to have strengthened this quarter and predicted that the government’s 5% growth target for 2023 is attainable. Share prices closed up today by 1.2% in China, 1.9% in Hong Kong, 2.3% in Taiwan and 0.7% in India but also dipped 0.5% in Japan. European Central Bank President Lagarde […] More
G7 Summit Wrapping Up, ECB to Raise Interest Rates, and Evidence of Softening Consumer and Business Confidence
June 28, 2022
Dollar movements overnight have been narrowly mixed, with declines of 0.4% against the loonie, 0.5% versus the ruble, 0.2% vis-a-vis the Australian dollar, and 0.1 relative to the Swiss franc but gains of 0.5% against the yen, 0.4% relative to the kiwi, 0.2% versus sterling, and 0.1% against the euro, peso and on a weighted […] More
Softer Euro Against Dollar and Other European Currencies
February 8, 2022
The dollar rose 0.2% overnight in weighted terms and against the Japanese yen. Sterling and the Swiss franc nearly matched strides with the greenback, but the euro slid on some dovish remarks by ECB President Lagarde and lost 0.4% against the U.S. currency. Lagarde maintained that medium-term inflation expectations remain aligned with the ECB target […] More
Dollar Ending Pre-Thanksgiving Week on a Strong Note, but Equities and Bond Yields Wobbly
November 19, 2021
The weighted DXY dollar index advanced 0.4% overnight, climbing 0.7% against the euro, 1.2% versus the Turkish lira, 0.5% relative to the Australian dollar, kiwi and sterling, 0.4% vis-a-vis the Canadian dollar but just 0.1% against the Swiss franc, which traditionally thrives when global inflation becomes a concern. News today on the Covid-19 front has […] More
