German retail sales
Quarter-end Data Deluge
June 30, 2015
The dollar is trading with overnight gains of 1.4% against the kiwi, 0.5% relative to the euro and Swiss franc and 0.1% vis-a-vis sterling. It is unchanged versus the yen and Australia and dollar and down 0.1% against the loonie and yuan. Stocks in China rebounded by a big 6.7%, buoyed by a liquidity injection […] More
Another Month Going into the Books
May 30, 2014
There have been several Japanese data releases on this final business day in May. Industrial production sank 2.5% in April, trimming the 12-month increase to 4.1% from 7.4% in March. Officials project an increase of 1.7% in May followed by a 2.1% slump in June, and they reclassified the assessment of industrial production to “appears […] More
Awaiting FOMC Decision as First Third of 2014 Winds Down
April 30, 2014
The dollar has slipped 0.3% against the Swiss franc, 0.2% versus the euro and 0.1% relative to the yen and kiwi. The greenback is 0.1% firmer against the loonie and unchanged versus the Australian dollar, Chinese yuan and sterling. Share prices in the Pacific Rim fell 1.4% in Hong Kong but rose 1.6% in New […] More
Last Day of the First Quarter
March 31, 2014
The dollar advanced 0.4% against the yen and 0.2% against the Australian and New Zealand dollars, but it is 0.3% softer versus the euro and Swiss franc and off 0.1% relative to sterling. The loonie and yuan are steady. The boost to risk aversion from the Ukraine situation seems to be fading, but rising tensions […] More
Poor European Data Throw Investors into a Risk-Off State of Mind
January 31, 2014
Share prices lost yesterday’s traction and have so far fallen 1.3% in Germany, 1.1% in France, 1.0% in Britain, Switzerland and Spain, and 0.9% in Italy. Most Asian bourses were shut for the Lunar New Year. The celebrations of the Year of the Horse last five days in China. Japan’s Nikkei lost another 0.6%, falling […] More
Data Deluge, Press Report Denials, and Quarter-End
June 28, 2013
Lots of data were released on this final working day of the second quarter. Japanese figures show stronger inflation and activity. German retail sales also beats expectations. German CPI inflation accelerated. Being the final trading day of the quarter, position-squaring could impact market action today. An unidentified ECB official called German press reports erroneous that […] More
May Ending in a Risk Averse Mood
May 31, 2013
Commodity-sensitive currencies had a difficult session. The New Zealand dollar dipped below $0.8000 for the first time since September 6, 2012. It fell as low as USD 0.7973 and is 1.0% weaker on balance. The Australian and Canadian dollars have slipped 0.8% and 0.5% against the greenback, which also has appreciated by 0.4% against the […] More
Dollar Steady on Final Day of January
January 31, 2013
The dollar is unchanged against the yen, yuan, and Swiss franc, up 0.1% versus the euro, loonie, Australian dolar and sterling, and off 0.1% against the kiwi. Share prices in the Pacific Rim closed up 0.2% in Japan and Taiwan but down 0.6% in India, 0.5% in the Philippines, and 0.4% in Australia and Hong […] More
Lots of Released Data on Final Business Day of the Quarter
September 28, 2012
Share prices rose in the Pacific Rim but are mostly lower in Europe. Investors are again focused on Spain, where the 2013 budget was unveiled yesterday and bank stress test results are due today. The fiscal deficit is projected at 4.5% of GDP, down from 6.3% in 2012. Italian Prime Minister Monti opposes new conditions […] More
Investors Brace for End-Month Flood of Information
July 31, 2012
Dollar movement overnight was limited to gains of 0.1% against the yen and sterling and losses of 0.3% versus the yuan, 0.2% against the euro, kiwi and Australian dollar, and 0.1% relative to the Swiss franc. The loonie is unchanged against its U.S. counterpart. Share prices advanced 2.1% in South Korea, 1.6% in Taiwan, 1.1% […] More
