Euroland producer prices
Good Day for the Dollar and a Bad One for the Turkish Lira
June 2, 2021
The U.S. dollar strengthened 0.4% against its weighted DXY index overnight, advancing by 0.6% relative to the Swiss franc, 0.5% versus the Australian and New Zealand dollars, 0.4% against the euro, and 0.3% vis-a-vis the Japanese yen. Among the major currencies, only the British pound (+0.1%) outperformed the dollar. At the other extreme, the Turkish […] More
Somewhat Weaker Dollar
April 8, 2021
The dollar is trading 0.2% lower against its DXY weighted index and versus the loonie, Swiss franc, sterling, Turkish lira and Mexican peso. Larger drops include losses of 0.6% versus the yen, 0.5% against the kiwi and yuan, and 0.4% vis-a-vis the New Zelanad dollar. No net change against the euro limited the weighted dollar’s […] More
Sovereign Debt Yields Lower and Dollar Modestly Higher
August 4, 2020
Ten-year sovereign debt yields fell overnight by two basis points in the U.S. and Germany and by a basis point in the U.K. and Japan. Stock markets started strong in Asia, but the performance subsequently turned mixed. Share prices close up 2.0% in Hong Kong and India, 1.9% in Australia, 1.7% in Japan, 1.6% in […] More
U.K. in Greater Danger of a No Deal Brexit
April 2, 2019
The British House of Commons still cannot find sufficient agreement on the terms of withdrawing from the EU. Faced with binary scenarios of withdrawal without a deal or a lengthy delay in leaving, the first option is looking more and more likely. The 10-year British gilt yield dropped five basis points in response overnight, but […] More
Stocks Lifted by Rising Confidence that a Big U.S.-Chinese Trade Deal Is Almost at Hand
March 4, 2019
Share prices advanced Monday by 1.1% in China, 1.0% in Japan and Singapore, and 0.9% in Hong Kong. In Europe, stock markets have thus far strengthened 0.7% in the U.K., 0.6% in France but only 0.2% in Germany. Ten-year sovereign debt yields rose a basis point in Japan and Britain but slipped 2 basis points […] More
Intensifying Concern that Euro Area Is Drifting Into a Fresh Debt Crisis over Italy
October 2, 2018
A quote from European Commission President Jean-Claude Junker set the tone for trading today: “I would not wish that, after having really been able to cope with the Greek crisis, we’ll end up in the same crisis in Italy.” Ten-year sovereign debt yields, while dropping today by 3 basis points in France, Germany, The Netherlands, […] More
Lull in Data Flow… Equities Down
July 2, 2013
The Reserve Bank of Australia left its Official Cash Rate at a record low 2.75% and called the Aussie dollar still elevated. Australia (2.6%) and New Zealand (0.9%), along with Japan (1.8%), were among the few stock markets to see prices rise overnight. Share prices otherwise fell by 1.2% in the Philippines, 1.0% in Indonesia, […] More
Bank of Japan Sets the Tone
April 4, 2013
A revamped Bank of Japan Board outdid market expectations with its launch of new operational guidance, objectives, and goals. In response the yen plunged 2.4% against the dollar. The 10-year JGB yield is 11 basis points lower and, at 0.45%, is resting just above the June 2003 all-time low of 0.44%. The Nikkei-225 index advanced by […] More
Euro Hits some Bumps in the Road
February 4, 2013
The dollar has climbed 0.5% against the euro, 0.4% against the Swiss franc, and 0.1% versus the yen and yuan. It is also down 0.3% against the Aussie dollar, 0.2% versus the kiwi and sterling, and 0.1% against the loonie. Spanish Prime Minister Rajoy, who meets with German Prime Minister Merkel today, is snared in […] More
Quiet Start to Groundhog’s Day — Eye on Bernanke
February 2, 2012
The dollar shows minimal overnight movement. It’s up 0.2% and 0.1% against the Swiss franc and euro but down 0.1% relative to the yen, loonie, Aussie dollar, kiwi and yuan. Sterling is stable against the greenback. There were some big stock market rallies in Asia, but European bourses show little change after poor Spanish labor […] More
