foreign exchange
December and 2021 in Figures
January 1, 2022
In 2021, the dollar, long-term sovereign debt yields, share prices, commodity prices, and overall inflation rose. Only the Bank of England’s policy interest rate among central banks featured in the monthly feature rose, and that increase didn’t happen until mid-December via a comparatively modest 15 basis points. The Fed and ECB are tapering asset purchase […] More
With an Eye Toward Wednesday’s FOMC Meeting, Markets in Pause Mode
June 14, 2021
The dollar is 0.1% softer on a weighted basis, and most key dollar currency pairs have barely moved from Friday closing levels. Not only are investors marking time until Wednesday’s FOMC announcement, but several markets were closed today (China, Taiwan, and Hong Kong for the Dragon Boat Festival and Australia for the Queen’s Birthday holiday). […] More
March and First Quarter 2021 in Figures
April 1, 2021
None of central banks below changed policy interest rates during the first quarter, but 10-year sovereign debt yield recorded sharp advances. Favorable U.S. long-term interest rate differentials became even more so during March. In spite of rising long-term bond yields, equities experienced gain last quarter including in March. The U.S. and Canadian dollars strengthened last […] More
Fed’s Inaction on Rising Long-Term Interest Rates Sends Dollar Higher
March 5, 2021
Investors had been hoping to hear some voiced protest against the steepening U.S. yield curve from Fed Chairman Powell’s speech yesterday, but it wasn’t to be. Powell expressed a lack of worry about the development, while reaffirming that Fed tightening is years away even if U.S. employment and price growth outpaces the path assumed by […] More
After U.S. Pandemic Relief Package, There’s Been Little change in Dollar, U.S. Stock futures, or 10-Year Treasury Yield
December 22, 2020
The dollar shows no net overnight movement against the yen, Swiss franc or loonie. The greenback gained 0.4% against the kiwi, 0.3% versus the Aussie dollar and 0.2% relative to sterling but slipped 0.1% vis-a-vis the euro and Chinese yuan. Ten-year U.S. Treasury, German bund and Japanese JGB yields remain unchanged. Their British counterpart rose […] More
November 2020 in Figures
November 30, 2020
November was a momentous month both within financial markets and surrounding news. in the price of gold was only slight. Donald Trump became only the sixth incumbent president since 1900 to lose his bid for reelection. More rare, his political party picked up seats in the U.S. House of Representatives and stands a decent chance […] More
Narrowly Mixed Dollar… Economic Sentiment in Euro Area at 4-Month Low
November 27, 2020
The United States on Thankgiving 2020 reported slightly more than a 100,000 new Covid-19 cases and suffered over 1150 deaths from that disease. Extensive traveling for the holiday is feared likely to fan the pandemic further next month. The dollar overnight edged up 0.2% against sterling and 0.1% versus the yen and Swissy but slid […] More
America Releasing a Lot of Data and Bracing for Holiday Impact on Pandemic
November 25, 2020
Trading was comparatively quiet overnight. The dollar recorded gains of 0.4% against the New Zealand and Australian currencies and also rose 0.2% relative to the loonie and sterling. The euro is down 0.1% on net but not before touching a 12-week high of $1.1929. The dollar is flat against the yen and had slipped 0.2% […] More
October 2020 in Figures
October 30, 2020
Compared to previous recent months, net dollar movements in October were limited, exceptions being a 1.9% rise against the Australian dollar and 1.5% slide versus the yuan. Ten-year sovereign debt yields favoring the dollar became even more advantageous, and share prices declined broadly and significantly. The price of West Texas Intermediate crude oil dropped over […] More
Intensifying Pandemic and Coming U.S. Election Rattle Investor Confidence
October 28, 2020
The world has experienced another very bad 24 hours with the coronavirus. Globally reported cases have risen by almost a half million people, and and the United States suffered over a 1000 more Covid-related deaths. For America, the first wave of the epidemic never really ended, whereas Europe is clearly into a second wave, and […] More
