Euroland CPI
Dollar Little Changed on Day that Saw Many Central Bank Meetings and Thick Menu of Released Data
January 20, 2022
The weighted dollar edged up by a marginal 0.1% overnight. It gained 0.1% against the euro and Swiss franc but is unchanged against the yen and sterling and down 0.1% versus the Canadian dollar. Stock market action in the Pacific Rim was widely varied, with Japan Nikkei and Hong Kong’s Hang Seng indices closing 1.1% […] More
Markets Jolted by Omicron Fears
November 30, 2021
Each month, no two-day sequence produces a heavier data release flow than the last business day on one month and first business day of the next. Navigating that period this time was magnified by worrisome developments in the race to understand the new Omicron variant of the Covid-19 pandemic. The CEO of Moderna, whose vaccine […] More
Persistent Global Pressure on Prices, Some More Central Bank Hikes, and the Dollar Touches Its Firmest Level Since July 2020
November 17, 2021
The weighted DXY dollar index touched 96.24 overnight, its strongest level since the first week of July 2020, but has settled back to show no net changed. Relative to Tuesday closing levels, the dollar is down 0.3% relative to the kiwi, yuan, peso, and sterling and by 0.1% vis-a-vis the euro, yen and loonie. The […] More
Inflation Worries Continue to Rattle Financial Markets
October 1, 2021
The week-long Chinese national holiday began Friday, but elsewhere in the Pacific Rim equities closed down 2.3% in Japan, 2.2% in Taiwan, 2.0% in Australia, 1.7% in South Korea and 1.2% in Singapore. Share prices so far in the U.K., Germany, France, Spain, Italy, and Switzerland have lost 0.6-1.0% on this first trading day of […] More
Heavy Day for Released Data
August 31, 2021
Typical of the final business day of the month, August 31, 2021 has experienced a bunch of reported data around the world. In financial markets, the dollar has slipped back 0.2% against its DXY weighted index but is up 0.5% compared to a month ago. Overnight moves in the dollar include drops of 0.2% versus […] More
Cloudy Picture: Inflation Still Elevated but Delta Variant Poses Growth Risk
August 18, 2021
Central bankers and private investors are continuing to balance the pressures of elevated inflation on the one hand but a less certain strong recovery on the other. This has made for choppy markets. Overnight movements in the dollar were narrowly mixed, with net dips of 0.2% against sterling and 0.1% relative to the euro, loonie, […] More
Dollar and Equities Little Changed, but Considerable Data Were Released on this Final Day of 2Q
June 30, 2021
The dollar remained unchanged overnight against its DXY weighted index, the yen, loonie and sterling and shows an uptick of 0.1% relative to the euro and Australian dollar. The dollar nonetheless is headed for a strong advance in the second quarter, reflecting Covid trends and a tweaking of Fed forward guidance toward an earlier tapering […] More
Parade of Other Central Banks
June 17, 2021
Markets had reacted late Wednesday to the Federal Reserve‘s signal that its initial interest rate hike is likely to occur during 2023, rather than 2024 as implied previously. Several other central banks had scheduled policy reviews whose results were learned subsequently. At the time of the opening of U.S. stock market trading on Thursday, the […] More
Bitcoin Disaster, Equities Fall Again, and Mixed Inflation News
May 19, 2021
The Bitcoin fallout from Elon Musk’s reversal on Tesla-for-bitcoin transactions has been huge. The cryptocurrency dropped over 20% overnight and at its intra-day low was showing a 43% loss over the past five weeks to its lowest level in 11 weeks. Wednesday’s been a difficult day for equity trading as well, with losses in the […] More
Quarter-End, a Flood of Reported Data, and an Eagerly Awaited Speech by Biden on His Infrastructure Plans
March 31, 2021
The dollar is trading modestly lower (e.g. -0.1% on the DXY weighted index) on this final day of the first quarter. In overnight equity market action, share prices climbed almost 1% in Australia and New Zealand but have slipped in Asia and, to a lesser degree, in Europe. The S&P 500 and DJIA futures indices […] More
