German CPI
New Multi-Year Highs in the Dollar
April 28, 2022
The weighted DXY dollar index has advanced 0.7% on balance today and touched a 19-year high of 103.93, which constitutes an appreciation of 43.3 in April 2008 during the subprime mortgage financial crisis. Overnight dollar highs included a 20-year peak of 131.01 against the Japanese yen and $1.0471 versus the euro. Compared to closing levels […] More
Bracing for Escalating Wars in Ukraine and Against Inflation and Covid
April 12, 2022
All signs are pointing to a more focused and indiscriminate Russian assault on Ukraine. A coming tightening of Western economic sanctions drove the price of West Texas Intermediate oil up 4.1% overnight, but what Ukraine desperately needs is greater military support. That may be coming, too. Covid cases are rising again. 49.4 thousand new cases […] More
Many Investors Revising Expected Fed Tightening Upward as Inflationary Pressure Spreads and Other Central Banks Move Aggressively
February 11, 2022
There were further repercussions today in the aftermath of Thursday’s U.S. January CPI release. Some analysts now think that the federal funds rate could be hiked at every remaining FOMC meeting this year, and there’s been more speculation over the possibility of larger incremental moves than the standard of 25 basis points. The ten-year U.S. […] More
With Lunar New Year Under Way, Volatility Persists in Equities and Inflation Worries Remain Uppermost
January 31, 2022
On this last day of January, the Chinese Year of the Tiger has trading shut in China, Hong Kong, Taiwan, and South Korea. The Japanese Nikkei took its cue from the strong U.S. stock market performance on Friday, but that rally looks short-lived with DOW and S&P futures down about a half percent and the […] More
Highest British and German CPI Inflation in 357 and 354 months respectively
January 19, 2022
Inflation and Covid-19 infections remain elevated around the world. Investors at the moment are reacting mostly to the inflation numbers, believing that economic activity has become more insulated against the pandemic. The expectation that central banks will continue tilting away from stimulus lifted ten-year sovereign debt yields overnight by five basis pints in the U.K., […] More
Higher Inflation and Disappointing Industrial Production Headline Friday’s Global Economic News
December 10, 2021
The dollar is unchanged compared to late Thursday against the yen, loonie, peso, sterling and measured by the weighted DXY index. The dollar strengthened 0.4% versus the Turkish lira but dipped 0.2% relative to the Swiss franc and o.1% versus the euro and peso. Ten-year U.S. Treasury and British gilt yields have slid four and […] More
Dollar Falters
July 29, 2021
The dollar fell overnight by 0.4% against the euro, peso, Swissie, and DXY weighted index but even more versus the New Zealand dollar and Turkish lira (each 0.7%), loonie (0.6%), and yuan and sterling (each 0.5%). Lesser dollar declines of 0.3% and 0.2% occurred against the Australian dollar and Japanese yen, respectively. Equities, commodity prices, […] More
Dollar Strengthened against Other Currencies and Gold
June 29, 2021
The driving force behind today’s rise in the dollar has been Covid worries. Against this dominant concern, signs of improving economic confidence and evidence that inflation may be cresting have exerted little influence on financial market trading. From a global standpoint, over a third of a million new coronavirus infections were identified in the past […] More
Active Day for Data Releases; U.S. Markets Closed for Memorial Day
May 31, 2021
First-quarter GDP data were reported by several countries. Turkish GDP advanced 1.7% on quarter. This was the third consecutive quarter of positive growth following an 11.0% plunge in the second quarter of 2020, and it lifted the year-on-year growth rate to a 3-year high of 7.0%, exceeding analyst expectations. A 0.9% recovery of the beleaguered […] More
U.S. Political Stress, PMI Services, A U.S. Jobs Report Shocker, and FOMC Minutes on Today’s Radar Screen
January 6, 2021
In the Georgian senate runoff elections, Warnock has apparently beaten his Republican opponent, and Ossoff holds a razor-thin 50.2%/49.8% lead over the Republican incumbent with 98% of ballots counted. If these leads hold, Democrats would take over the senate majority. The congress is scheduled to tally the state certified presidential electoral voting results this afternoon […] More
