Ezone retail sales
Service Sector PMI Surveys and U.S. Jobs Data
August 3, 2018
The U.S. Labor Department’s July jobs and wage data will be released shortly. Investors are already digesting PMI data reported overnight. Euroland’s composite purchasing managers survey (comprising both manufacturing and service sector activities) dropped back to a 2-month low of 54.3 in July from a 4-month high in June of 54.9. The services PMI had […] More
Stocks Up in Europe after Drop in Asia… Dollar and Sterling Off, Too
August 3, 2017
The dollar fell 0.5% against the yen, 0.2% relative to the euro and Swiss franc and 0.1% versus the kiwi and yuan. Sterling’s even more weak, dropping 0.6% against the dollar as Bank of England Governor Carney returned to a theme that Brexit will hit the economy for a long time to come. Share prices […] More
A Depressing VEEP Debate, PMI Services Data, and Central Bank Developments
October 5, 2016
The U.S. vice-presidential debate showcased U.S. politics at its chaotic worst. On balance, Pence seemed more polished, but the American League wild card baseball playoff game offered much better entertainment. On the central banking front, The Bank of Iceland left its seven-day deposit rate unchanged at 5.25%, having cut such in August by 50 basis […] More
PMIs and an ECB Press Conference
April 3, 2014
Prior to the ECB announcement, the dollar was narrowly up by 0.3% against the kiwi, 0.2% versus sterling and 0.1% relative to the euro, yen, Aussie dollar and Chinese yuan. The Swiss franc is steady, and the loonie has firmed 0.2% against its U.S. counterpart. China’s government unveiled some tax cuts and other steps to […] More
Weaker Yen and Australian Dollar
February 5, 2013
The U.S. currency rose overnight by 1.1% against the yen and 0.5% versus the Aussie dollar. The greenback lost 0.3% to the euro, 0.2% to the loonie and 0.1% relative to the yuan and Swiss franc. The buck is 0.1% firmer against the kiwi and sterling. French President Hollande wants a coordinated regional exchange rate […] More
More PMI Reports and a Monster Australian Trade Deficit
October 3, 2012
The dollar has gained 0.5% against the kiwi and 0.3% versus the Australian dollar. Other dollar pairs are pretty stable. The greenback is unchanged against the euro and yuan, up 0.2% relative to the loonie, and 0.1% firmer against the yen, Swissie and sterling. Japan’s Nikkei fell 0.5%, and Chinese markets remained closed in continuing […] More
