euro area money and credit growth

China-Sensitive Stocks Falter while Yen and Gold Climb

January 3, 2019

As U.S. stocks tumbled last month, optimists proclaimed that the drop presented a buying opportunity and would prove short-lived because U.S. economic data trends remained solid. Now investors are getting validation that they were right to worry that America’s ill-advised tariff policy imposed on a world economy that already was slowing would generate more damage […] More

Dollar Buoyancy Especially Against the Kiwi

September 25, 2014

The New Zealand dollar (a.k.a. the kiwi) plunged 1.6% overnight to a one-year low of $0.7944 against the U.S. currency, as RBNZ Governor Wheeler elaborated upon his recent claim that the current kiwi level is “unjustified and unsustainable.”  The Australian dollar lost as much as 1.0% to USD 0.8791, a 7-month low, as a top […] More

Kiwi Climbs 0.8% against USD to 29-Month High of $0.8682

March 27, 2014

The U.S. dollar also slipped overnight by 0.2% against sterling and 0.1% versus the loonie but has advanced by 0.3% against the euro and Swiss franc, 0.2% relative to the yen and 0.1% versus the yuan.  The Aussie dollar touched a four-month high of USD 0.9246 but is currently unchanged on balance.  Trading yesterday afternoon […] More

Holiday Mood Extended by U.S. Storm

January 3, 2014

The greatest disruption to market rhythm at yearend occurs when Christmas and New Years Day fall on a Wednesday.  Any semblance of normal trading conditions was stymied further today by a blizzard in the U.S. northeast. Yesterday’s selloff in share prices extended into Asia, with losses of 2.2% in Hong Kong, 1.6% in Indonesia, 1.4% […] More