German industrial orders

Euro Up Against the Dollar and Other European Currencies

February 4, 2022

The euro climbed overnight by half a percent against the dollar, which otherwise rose 0.2% against the Swiss franc and sterling, 0.3% versus the loonie, 0.4% relative to the kiwi, and 0.5% vis-a-vis the Aussie dollar. Equity markets remain very volatile ahead of today’s report of January U.S. labor market statistics. The ADP estimate of […] More

Bitcoin Plunged, Dollar and Price of Oil Rose, and Equities Mixed

December 6, 2021

From $56,830 on Friday to $46,648 on Saturday, the price of a Bitcoin dived more than 15%. At $48,251 now, the price remains about 30% below its record peak. The dollar is benefiting from a belief that Fed policy over theĀ  coming six months will pay more attention to containing the spike in inflation than […] More

Dollar Reverses Friday’s Drop on This Monday Labor Day

September 6, 2021

The initial dollar response to a disappointing U.S. August jobs report had been downward, but the U.S. currency advanced in overnight trading by 0.3% against its weighted DXY index, the Swiss franc, sterling and Australian dollar, by 0.2% relative to the Canadian dollar and euro and by 0.1% vis-a-vis the Japanese yen. U.S. and Canadian […] More

Dollar Dips as U.S. Covid Cases Swell and Trade Deficit Climbs to Record High in June

August 5, 2021

U.S. Covid-19 cases rose to 96.0k yesterday from 92.6k on Tuesday. The United States goods and services trade deficit of $75.749 in June was a record monthly high. The first-half deficit of $428.6 billion was 46% greater than in the first half of 2020. The Bank of England’s Monetary Policy Committee again voted unanimously to […] More

Mixed Data Signals and Another Central Bank Shifts its Stance Ever So Slightly

July 6, 2021

The dollar slid 0.1% against its DXY weighted index overnight, with drops of 0.9% against the kiwi, 0.6% versus the Australian dollar, 0.3% relative to the yen, and 0.2% vis-a-vis the Mexican peso. The dollar also firmed 0.2% against the euro and loonie and 0.1% against the Swiss franc. The Turkish lira, Chinese yuan and […] More

Generally Quiet Financial Markets This Morning

June 7, 2021

Compared to Friday closing levels, the U.S. dollar is unchanged against the yuan and euro, 0.1% softer versus the yen, loonie, Swissie and sterling, and down 0.2% relative to the Australian and New Zealand dollars. Stock markets in Asia closed down 0.5% in Hong Kong and 0.4% in Taiwan but up by 0.8% in Singapore, […] More

Somewhat Weaker Dollar

April 8, 2021

The dollar is trading 0.2% lower against its DXY weighted index and versus the loonie, Swiss franc, sterling, Turkish lira and Mexican peso. Larger drops include losses of 0.6% versus the yen, 0.5% against the kiwi and yuan, and 0.4% vis-a-vis the New Zelanad dollar. No net change against the euro limited the weighted dollar’s […] 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

Continuing Shift into Riskier Assets

February 5, 2021

It’s been another up-session for equities. Markets closed up 1.5% in Japan, 1.1% in South Korea and Australia, and 0.6% in Taiwan and Hong Kong. Market gains today so far exceed 1.0% in France, Italy, and Spain, and U.S. futures are up about 0.4% following yesterday’s senate partisan vote supporting President Biden’s $1.9 trillion proposed […] More

Stocks Up, Dollar Marginally Lower, and Trump Out of the Hospital

October 6, 2020

Share prices overnight rose 1.5% in India, 1.2% in Taiwan, 0.8% in Indonesia, and 0.5% in Japan. Markets have also climbed 0.7% in New Zealand and 0.3% in Australia. In Europe so far, equities have risen 1.0% in Spain, 0.8% in Italy , 0.5% in France, 0.3% in Germany but just 0.1% in Great Britain. […] More

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