eurozone GDP
Yen Climbs Further Even as Japanese Golden Week Holidays Begin
April 29, 2016
The yen touched an 18-month high of 106.9 per dollar and is up 0.9% on balance from Thursday’s close. The trade-weighted dollar is close to a one-year low. Japanese markets were closed for Showa Day. Next week’s continuing Golden Week holidays are Constitution Day (May 3), Greenery Day (May 4) and Children’s Day (May 5). […] More
Dismal Economic Data Depressed Sovereign Debt Yields
March 8, 2016
Ten-year sovereign debt yields fell overnight by ten basis points in the U.K., four bps in Japan, three bps in Germany, and six bps in U.S. Treasury futures. The 10-year Japanese JGB touched a record low of -0.10%. A second estimate of fourth-quarter real GDP was released for both the eurozone and Japan. Euroland’s growth […] More
Data Surprises Prompt Risk-Off Action
December 8, 2015
Share prices plunged 1.9% in China, 1.4% in Hong Kong, 1.3% in Taiwan and Indonesia, 1.0% in Japan and 0.9% in Australia. The sour mood extended into Europe, where stocks so far have lost 4.3% in Greece, 2.2% in Italy, 2.1% in Spain, 1.6% in France, 1.7% in Germany and 0.6% in the United Kingdom. […] More
Dollar Firms and Share Price Retreat Extended
November 13, 2015
Investors are quite confident that the Fed will raise the federal funds rate next month and that the ECB will ease policy, including a possible deposit rate cut. The confidence rests not only on U.S. data but on more uniform signals from Fed official comments favoring a rate hike before yearend. The dollar climbed overnight […] More
Several Data Releases and a Mix of Market Responses
September 8, 2015
The unofficial post-summer currency market trading season began today and finds the dollar unchanged against the euro, dow 0.8% against the Australian dollar, 0.6% relative to sterling and 0.5% versus the kiwi but up by 0.5% relative to the yen and loonie and 0.2% vis-a-vis the yuan and Swiss franc. While the Japanese Nikkei plunged […] More
Euro Down Ahead of U.S. February Labor Market Data
March 6, 2015
The euro fell in the wake of yesterday’s ECB press conference and is down an additional 0.9% against the dollar overnight, hitting a new low for the move of $1.0929. The U.S. currency otherwise rose 0.2% versus the kiwi and 0.4% against the Swiss franc and sterling. At the same time, the dollar has fallen […] More
Little Dollar Movement but Fairly Interesting Data
February 13, 2015
The dollar is unchanged against the yen, yuan and sterling, up 0.2% against the euro and 0.1% versus the loonie, and down 0.2% relative to the Swiss franc, kiwi and Australian dollar. European fourth-quarter GDP figures and Chinese money and credit growth were released. Markets are encouraged about a Ukraine ceasefire. Sides in the Greek […] More
