Euroland retail sales
Global Demand Starting to Be Constrained by Inflation and Tighter Monetary Policies
April 7, 2022
This week’s equity sell-off extended into Asian markets overnight. European losses, in contrast, have been reversed partly, and U.S. stock futures are little changed. Equities dropped between 1% and 2% in Taiwan, Japan, China, Hong Kong, and India but have rebounded so far by 1.3% in Spain and Italy, 0.9% in France, and 0.7% in […] More
Broadly Based Improvement of Dollar and Intensifying Decline of Stock Markets Around the World
March 4, 2022
Shortly before today’s release of February U.S. labor statistics, the dollar was up 0.8% in weighted terms at the peak of its overnight movement and on at its most appreciated levels since May 2020. Individual dollar advances were by 3.5% against the Russian ruble, 1.2% versus the euro, 0.9% relative to the Turkish lira 0.6% […] More
Euro Up Against the Dollar and Other European Currencies
February 4, 2022
The euro climbed overnight by half a percent against the dollar, which otherwise rose 0.2% against the Swiss franc and sterling, 0.3% versus the loonie, 0.4% relative to the kiwi, and 0.5% vis-a-vis the Aussie dollar. Equity markets remain very volatile ahead of today’s report of January U.S. labor market statistics. The ADP estimate of […] More
Dollar Back Close to 52-Week High Ahead of U.S. October Jobs Report
November 5, 2021
The weighted DXY dollar index is presently trading almost back at its one-year high. It rose overnight by 0.2% against the euro and 0.1% relative to the yen and loonie and scored even larger gains of 0.5% against the Swiss franc and Australian dollar and 0.4% relative to the New Zealand dollar, Mexican peso and […] More
A Negative U.S. Jobs Surprise and Global Covid Cases Climbs Above 200 million Threshold
August 4, 2021
Wednesday brought two pieces of discouraging news. ADP’s 330k monthly estimate of private U.S. employment growth in July was only about half as much as forecasters were anticipating, down from a 2Q average of 729k per month, and the lowest increase since February. Fed officials have made clear that labor market trends will exert very […] More
Mixed Data Signals and Another Central Bank Shifts its Stance Ever So Slightly
July 6, 2021
The dollar slid 0.1% against its DXY weighted index overnight, with drops of 0.9% against the kiwi, 0.6% versus the Australian dollar, 0.3% relative to the yen, and 0.2% vis-a-vis the Mexican peso. The dollar also firmed 0.2% against the euro and loonie and 0.1% against the Swiss franc. The Turkish lira, Chinese yuan and […] More
Marking Time Ahead of U.S. Monthly Jobs Report
June 4, 2021
Financial markets were marking time overnight. The dollar was virtually unchanged but at multi-week highs, with no net movement against its DXY weighted index, a dip of 0.2% versus the yen and a 0.1% uptick relative to the euro. The price of gold was flat, while that of WTI oil had firmed merely 0.2%. U.S. […] More
Lower Dollar
May 6, 2021
The dollar settled back 0.4% on a weighted basis and against the euro overnight. The dollar also lost 0.5% relative to the Swiss franc, 0.3% versus the loonie, and 0.1% relative to the New Zealand and Australian currencies. The dollar alternatively edged 0.1% higher against the peso and sterling and held steady on balance versus […] More
Modest Dollar Pull-Back
April 12, 2021
On a Monday with few data releases, the dollar has slipped 0.3% against the yen and sterling, 0.2% relative to the Mexican peso, and 0.1% versus the euro, Swiss franc, Australian dollar, Chinese yuan and against its weighted DXY index. Fed Chairman Powell gave an upbeat interview aired Sunday night on 60 minutes in which […] More
Dollar Up, Equities and Bond Yields Lower, and U.S. Capitol on Alert
March 4, 2021
March 4th was the day U.S. presidents were inaugurated until the 1930s, and there’s internet chatter suggesting a possible reprise of the January 6th attack on the Capitol. Widely anticipated geopolitical traumas rarely seem to happen as planned. A notable exception occurred July 1, 1997, the day that Hong Kong reverted to Chinese rule. That […] More
