German labor statistics
Stocks Keep Rising but Dollar Steadies
January 3, 2018
In overnight trading, the dollar recouped 0.4% against the Swiss franc, 0.3% versus the euro, 0.2% relative to sterling and 0.1% vis-a-vis the loonie, yuan and kiwi. A particularly large 1.1% advance against the Mexican peso followed U.S. President Trump’s renewed call for a southern border wall and tighter restraints on immigration. The dollar dipped […] More
The Reaction to the Fed Statement
October 30, 2014
The FOMC communique was more hawkish than expected. Weak growth in Europe and enhanced global market volatility since the prior policy meeting did not deter monetary officials from ending the third phase of quantitative easing and declaring that U.S. deflationary risks had diminished. There was also a shift in direction of dissenting votes on the […] More
Firmer Stocks, Dollar and Yen
May 28, 2014
Share prices have risen 1.0% in China and South Korea, 0.7% in New Zealnad and Taiwan, 0.6% in Hong Kong, 0.4% in Indonesia, and 0.3% in Australia. In Europe, equities so far are up 0.8% in Italy, 0.3% in Spain, and 0.1% in Paris, London, Frankfurt and Zurich. The dollar is 0.1% softer against the […] More
Yellen Confirmed by Senate
January 7, 2014
The senate approved the nomination of Janet Yellen as the next Fed Chairperson by a comparatively underwhelming 56-26 margin. Many Republicans opposed the choice on principle, and there were several absentees caused by America’s deep freeze that stymied traveling. The dollar rose overnight by 0.5% against the Australian dollar, 0.4% relative to the loonie, 0.3% […] More
