Euroland trade balance

Disappointing Chinese Data to Kick Off the Week

May 16, 2022

Investors got some bad news from April Chinese economic data and the European Union’s spring forecast. Equity markets closed down 0.3% in China, South Korea, and India but up 0.5% in Japan and 0.3% in Australia. The German Dax and Paris Cac are down 0.6% and 0.4%, and U.S. stock futures have dropped, too. Ten-year […] More

Intensifying Onslaught in Ukraine and Concerns over the Weakness of the Yen and Yuan

April 20, 2022

The weighted dollar index got as high as 101.04, a 2-year high, overnight. Dollar/yen touched a 20-year peak of 129.4, prompting a verbal protest against the yen’s slide from Japan’s finance minister. In the past, verbal complaints about currency values served as a threat to the possible use of direct foreign exchange intervention if the […] More

A Turn for the Worse in Ukraine-Russian Conflict Sends Dollar Up and Equities Down

March 18, 2022

Hopes had been kindled early this week by reports of progress in cease-fire talks, but those signs have not panned out, and a new worry is that China is moving closer to supporting Putin’s imperialistic ambitions. The Central Bank of Russia did not raise its 20% policy rate further at today’s scheduled review, claiming that […] More

Dollar Unchanged Overnight but Down Slightly for the Week

October 15, 2021

The DXY weighted dollar index is 0.2% softer than a week ago, setting the stage for its first weekly decline in six weeks. Overnight movements have been diverse, with a 0.6% slide against sterling but a 0.6% rise against the yen, touched a multiyear high of 114.4 earlier today. The dollar slipped 0.3% against the […] More

Inflation Stays in the Spotlight

August 13, 2021

Quite a few indicators of inflation were released this Friday, among which July U.S. import prices caught the most attention. Import prices had posted monthly advances of at least 0.9% in each of the previous seven months but went up just 0.3% in July. This reduced year-on-year import price inflation by a full percentage point […] More

Firmer Dollar as Investors Await U.S. Data Today and FOMC Tomorrow

June 15, 2021

The U.S. dollar‘s largest overnight gains are against the Turkish lira (1.1%), Canadian dollar and sterling (each +0.4). After his meeting with Biden, Turkish President Erdogan didn’t back off his provocative military plans, and that weighed on the lira. In Pacific Rim stock market action, markets in New Zealand, Japan, Australia Taiwan, and Singapore closed […] More

Third Week of June Starts with Virus-Driven Risk Aversion

June 15, 2020

The attempted reopening of business activity is happening with a critically missing element, and that is the public’s confidence that doing so is safe from a health standpoint. This is particularly true in the United States where many politicians and the medical experts are saying different things and after a four-year propaganda war to destroy […] More

Share Prices Slip

January 15, 2020

If all goes as planned, the Phase One trade deal between China and the United States will be signed today, but significant tariffs remain. The quarterly meeting of branch managers at the Bank of Japan downgraded economic conditions in three of the nine main regions but found none to be experiencing contracting growth and remained […] More

Commodity Prices Strengthen

October 16, 2017

West Texas Intermediate crude oil advanced 1.3% to $52.10 per barrel, and copper strengthened nearly 3%. Comex gold is 0.2% higher. Comments over the weekend at the IMF meetings in Washington from the likes of Yellen, Zhou, and Constancio stressed that growth is doing well and expressed puzzlement that wage inflation continues to lag. BOJ […] More

Discussions on a Quiet Day in the Market

March 17, 2017

Fed Chair Yellen and U.S. Treasury Secretary Mnuchin are in Baden-Baden Germany for two days of talks with their Group of Twenty counterparts. Trade and currency manipulation will be center stage. German Chancellor Merkel is in Washington on a visit with U.S. President Trump, who has criticized the size of the German current account deficit […] More

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