eurozone retail sales

Sub-$40 Oil Spreads Gloom to Other Markets

August 3, 2016

WTI oil got a little bounce after yesterday’s drop but remains below the critical $40 level at $39.85 per barrel. Rippling damage from the U.K. Brexit vote in June was evident in the U.K. services purchasing managers survey, which slumped to an 88-month low of 47.4 in July from 52.3 in June and 53.5 in […] More

Sterling and Oil Slammed…Funds Seeking Bonds and Yen

July 5, 2016

The dollar rose 1.7% against sterling but fell 0.9% relative to the yen.  The greenback has also risen 1.0% against the loonie, 0.9% relative to the Aussie dollar and kiwi.  Dollar/euro and dollar/Swiss are little changed. Commodities are sinking except in the case of precious metals like gold and silver.  West Texas Intermediate oil fell […] More

Commodity-Sensitive Currencies Firmer this Monday

October 5, 2015

The U.S. dollar declined overnight by 1.0%, 0.6% and 0.5% against the New Zealand, Australian and Canadian dollars.  The dollar, in contrast firmed 0.3% against the Swiss franc, 0.2% versus the yen and 0.1% relative to the euro.  Sterling and the yuan are unchanged. Following Friday’s very volatile post-jobs swings in U.S. equities, share prices […] More

A Very Strong U.S. Non-Manufacturing Purchasing Managers Survey

August 5, 2015

The dollar appreciated 0.5% against the yen, 0.4% relative to the Australian dollar, 0.3% vis-a-vis the kiwi and Swiss franc and 0.2% versus the euro.  The dollar is down 0.3% against sterling and 0.2% versus the Canadian dollar but unchanged vis-a-vis the yuan. Chinese (-1.7%) and Greek (-2.9%) stocks took another tumble.  In other stock […] More

Weaker Australian Dollar and Slump Continues in Chinese Share Prices

July 3, 2015

The Australian dollar tumbled 1.5% against its U.S. counterpart.  Australian retail sales grew by a smaller-than-forecast 0.3% in May following a downtick of 0.1% in April and a 0.2% rise in March.  On-year growth in retail sales remained at 4.4%.  Better news arrived from the Australian service-sector purchasing managers index, which increased 1.6 points to […] More

More PMI Surveys Reported and a Second Indian Central Bank Rate Cut

March 4, 2015

The Reserve Bank of India sliced its repo, reverse repo and standing facility rates by 25 basis points to 7.5%, 6.5%, and 8.5%.  Like the prior change on January 15, this easing of monetary policy was taken between scheduled policy reviews, creating a big element of surprise.  The latest action was taken in conjunction with […] More