Euroland trade balance and industrial production
Markets Respond Favorably to News of U.S.-Iranian Deal Despite Interim Nature and Unaddressed Issues
June 15, 2026
(135) The reported truce, which is to be signed Friday in Switzeraland, primarily addresses the mutually imposed impediments to shipping traffic through the Strait of Hormuz. Typically, President Trump has made assertions that Iran has not confirmed such as the water passageway remaining toll-free. The deal defers agreement on the whole justification for the U.S.-initiated […] More
Busy Data Release Day in Spite of U.S. MLK Holiday Closure
January 15, 2024
On this Martin Luther King Jr. holiday, the dollar strengthened 0.8% against the Japanese yen, 0.5% versus the Australian dollar, 0.3% relative to the Swiss franc, 0.2% vis-a-vis the Canadian dollar and sterling, but only 0.1% against the euro. Share prices rose 0.9% in Japan but just 0.2% in Taiwan and China. (On Saturday, Taiwanese […] More
Dollar Lifted by Signs of Stronger U.S. Growth than Assumed
February 15, 2023
The weighted DXY dollar index advanced 0.7% overnight. Gains range from 1.5% against the Aussie dollar and 1.3% versus sterling to 0.8% relative to the Japanese yen and Mexican peso, 0.6% against the euro and loonie, and 0.4% relative to the Chinese yuan and Swiss franc. U.S. stock futures are down 0.5-0.6%. Investors have abandoned […] More
ECB Steals Some Attention from the Fed
June 15, 2022
An unscheduled meeting of the European Central Bank Governing Council has been underway for a bit over two hours to consider the bond market selloff and increasing fragmentation of that market that saw a 242-basis point spread at the close of Tuesday trading between 10-year Italian and German sovereign debt yields. That hasn’t be so […] More
