ECB President Lagarde
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
