Euroland retail sales

On Labor Day 2022, the Dollar Hits Fresh 20-Year High on DXY Weighted Index

September 5, 2022

U.S. and Canadian markets are closed for Labor Day observances. Former British Foreign Secretary Liz Truss has won the Conservative Party leadership vote and will succeed Boris Johnson as prime minister. She becomes the country’s third woman to hold that office, following Margaret Thatcher and Theresa May. Truss campaigned on an orthodox conservative agenda and […] More

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

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