German PPI
Bumps in the Path of Full Middle Eastern Peace
June 19, 2026
In the United States, neither banks nor stock market trading will be open on this federal holiday of Juneteenth, commemorating the end of slavery 161 years ago. Elsewhere, there have been setbacks in the Middle Eastern peace process. The 14-point memorandum of understanding was signed earlier in France, and no talks between Iran and the […] More
Tenser Middle East Situation Belies Trump’s Belief that a Deal Maybe Near
April 20, 2026
(143) Weekends have been full of surprises in the Middle East war, and this past one was no exception. Late last week had experienced a large drop in oil prices and renewed interest in riskier assets. Israel had stopped bombing southern Lebanon, paving the way for resumed peace talks between Iran and the United States […] More
U.S. GDP, PCE Price Deflator, and the Preliminary February Purchasing Manager Surveys Top Friday’s Menu
February 20, 2026
The dollar was narrowly mixed just prior to the eagerly awaited twin-bill of U.S. economic data releases, unchanged against the euro and loonie, 0.3% higher relative to New Zealand’s currency, 0.3% stronger against the Mexican peso, and 0.1% firmer relative to the yen and Swiss franc. Ten-year sovereign debt yields had fallen overnight by three […] More
Dollar, Which Had Begun This Week with Monday Losses, Finishes Up on a Rising Note
September 19, 2025
In the short term at least, the dollar survived a cut of the federal funds rate target and further efforts by the Trump administration to influence monetary policy. Compared to Thursday closing levels, the dollar has strengthened 0.6% versus the Korean won, 0.5% against the Swiss franc and sterling, 0.4% relative to the euro and […] More
Producer Price Disinflation and Chinese and Australian Interest Rate Cuts
May 20, 2025
The U.S. dollar’s biggest overnight move was a 0.9% advance against the Australian dollar that followed an as-expected cut in the Reserve Bank of Australia Official Cash Rate but also a more dovish-than-expected statement and press conference explaining the action. The weighted DXY dollar index ticked only 0.1% higher. Whereas U.S. stock futures are slightly […] More
A Few More Central Bank Decisions, A Lot More Price Data, and A Possible U.S. Government Shutdown Is Looking More Likely
December 20, 2024
The U.S. dollar fell overnight by 0.4% against the Japanese yen, Swiss franc, and British pound. Smaller dips of 0.2% and 0.1% happened versus the euro and Canadian dollar, while bigger slides occurred against the Mexican peso of 0.8% and Brazilian Real of 2.2%. The Bank of Mexico’s policy interest rate has been reduced by another […] More
Several Points of Focus Today
November 20, 2024
Third-quarter earnings from the Nvidia, which arrive after markets close today, could be highly influential in determining where the stock market goes from here. Forward guidance from the AI chipmaker holds the key. Disinflation and sluggish growth in the euro area are the backdrop to the recent less hawkish tone of ECB officials, but today’s […] More
Japanese and Chinese Central Banks Show Some Hesitation
September 20, 2024
The dollar recouped some ground overnight, most notably in rising 1.1% against the Japanese yen. Smaller gains were made of 0.2% versus the Swiss franc and Turkish lira and of 0.1% relative to the Canadian, Australian and New Zealand dollar, but the euro and sterling held steady. In some Asian stock markets, further sizable gain […] More
Global IT Outage as Republican Convention and Chinese Third Plenum Wrap Up
July 19, 2024
It’s been a banner century for technology, but yesterday was not a day to showcase. A snafu caused by a security update gone bad led to widespread IT outages around the world that tangled the airline and banking sectors in particular. Former President Trump’s RNC 90+ minute acceptance speech has received widely mixed reviews, ranging […] More
Several Central Banks Held Policy Reviews Today
June 20, 2024
The dollar, equity markets,and 10-year sovereign bond yields rose overnight. The dollar strengthened most sharply against the Swiss franc (0.7%) but also climbed 0.2% relative to the yen and euro and by 0.1% versus sterling and the Canadian dollar. Stock markets closed up 1.4^ in Indonesia, 0.9% in Taiwan, 0.8% in New Zealand, 0.2% in […] More
