Euroland retail sales
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
Uncertain Economics, Public Health, and Politics
February 4, 2021
Investors continue to grapple with uncertainty on several planes. Covid: The trend in new cases has slowed but remains well above what was seen in earlier waves of the pandemic. Hospitalizations are down, but two potential super-spreading events loom: the Chinese New Year holiday and Super Bowl Sunday in the United States. Vaccines are being […] More
Dollar’s Losses Extended Overnight
December 3, 2020
Compared to Wednesday closing levels, the dollar has weakened 0.7% against sterling, 0.5% versus the Swiss franc and Mexican peso, 0.4% relative to the euro and yen, 0.3% vis-a-vis the Australian dollar, 0.2% against the yuan and kiwi, and 0.1% versus the Canadian dollar. One currency that fell against the dollar has been the beleaguered […] More
U.S. Still Counting Votes as 24-Hour Rise Covid Cases and Deaths Exceed 107K and 1.1K
November 5, 2020
U.S. Election News: Biden’s electoral college count seems likely to reach 270 threshold. Trump is suing to halt counting of absentee ballots, and street protests against such action broke out in several cities overnight. Congress most likely will remain divided with Dems controlling the House and Republicans holding the Senate, but there too ballot counting […] More
Dollar Down Amid Worries about the President’s Medical Condition
October 5, 2020
Medical reports on President Trump have been opaque and not entirely truthful. He’s been put on steroids and other meds consistent with a possibly serious case of Covid-19. Today’s other attention-grabbing news has been reported progress in talks between the EU and U.K. over a post-Brexit trade arrangement. The dollar fell overnight by 0.9% against […] More
Upward Bounce in the Dollar
September 3, 2020
Dollar advances today amount to 0.6% against the Australian dollar and sterling, 0.5% versus the Canadian and New Zealand dollars, and 0.3% relative to the yen and euro. A new high in the dollar was touched against Turkey’s lira after investors learned that Turkish reserves have drained to a 15-year low. The Russian ruble is […] More
Price of Oil Jumps and Dollar Falters
August 5, 2020
Overnight declines in the dollar amount to 1.0% against the Mexican peso, 0.9% versus the Australian dollar, 0.6% relative to the euro, Swiss franc and loonie, 0.5% vis-a-vis the kiwi, yuan and sterling and 0.2% against the yen. The price of WTI oil leaped 3.2%, partly in response to an enormous explosion at the port […] More
Global Stock Market Rally
July 6, 2020
Share prices in Asia overnight leaped 5.7% in China, 3.8% in Hong Kong,1.8% in Japan, 1.7% in South Korea, 1.4% in Singapore and 1.3% in India. Key markets around Europe are currently up by 2.3% in Spain, 1.9% in Italy, 1.8% in Great Britain, 1.6% in France and Germany and 1.0% in Switzerland. A U.S. […] More
Strong Equity Rally and Dollar Downtrend Pause
June 4, 2020
Stock markets mostly rose in the Pacific Rim and Europe but only modestly for the most part in contrast to yesterday’s sharp advance. Just prior to the release of U.S. data this morning, U.S. stock futures were suggesting a downtick at the open. The dollar is unchanged from Wednesday closing levels against the euro, yen, […] More
