Euroland CPI and trade

Central Bank Decisions in the U.K., Ukraine and Switzerland.. Now Awaiting U.S. Data

September 15, 2016

The Bank of England left monetary policy unchanged, acknowledged better-than-expected short-term U.K. indicators since the August meeting, but left the door open to a possible further interest rate cut. The National Bank of Ukraine reduced its policy interest rate by 50 basis points to 15.0% and indicated likely further easing if and as inflation recedes. […] More

No Respite from Volatility

October 16, 2014

The dollar and yen were well bid overnight.  Japan’s currency climbed 0.3% against the greenback, which otherwise advanced 1.3% relative to the Australian dollar, 0.9% vis-a-vis the kiwi, 0.8% against the loonie, 0.6% versus the euro and Swissie but just 0.1% against sterling. Stocks slumped overnight by 2.2% in Japan, 1.4% in Singapore, 1.3% in […] More

Hot Air and More Black Smoke from the U.S. Congress

October 16, 2013

The Fitch rating agency placed U.S. sovereign debt on Watch Negative, claiming that permanent damage may already have begun. After the U.S. House of Representative again failed to take a vote, effort reverted to the Senate.  Although a deal with agreement by both chambers before the original debt ceiling deadline of October 17 (Thursday) seems […] More