German trade
Sterling Sinks Below $1.3000 to Monthly Low
August 9, 2016
Sovereign debt prices rose. So did stocks, oil, the yen and dollar. Gold and industrial metal prices fell. There are holidays today in Singapore and South Africa. Today is the ninth anniversary of the onset of the U.S. subprime mortgage crisis and the 42nd anniversary of the resignation of former President Nixon. The dollar dipped […] More
Chinese, Japanese and German Trade Data Reveal Surprises
March 9, 2015
The risk-off trading environment that ensued after U.S. labor statistics were released Friday has continued. Share prices fell 2.1% in India, 1.3% in Indonesia and Australia, 1.0% in Japan and South Korea, and 0.9% in Taiwan. The Chinese market’s 1.7% rise was an exception, reflecting hints the Premier Li that more stimulus in 2015 is […] More
Sharp Overnight Drop in the Pound
September 8, 2014
Sterling has slumped 1.3% against the dollar in response to opinion polls pointing to a vote in favor of Scottish independence in a referendum scheduled for September 18. The U.S. currency is otherwise unchanged against the euro and yuan but up 0.3% relative to the Australian dollar, 0.2% versus the loonie and kiwi and 0.1% […] More
Resumed Yen Slide Continues
May 10, 2013
The yen touched lows today of 101.75 per dollar and 132.29 per euro and is 1.1% softer against the U.S. currency than at Thursday’s close. The U.S. dollar also has risen 0.9% against the Swiss franc, 0.8% versus the kiwi, 0.7% relative to the Australian dollar, 0.3% against the euro and pound, 0.2% versus the […] More
Fresh Signals Regarding the Yen
April 9, 2013
An amber light on yen depreciation was flashed by a key advisor to Japanese Prime Minister Abe. Mr. Hamada suggested that 100 per dollar is a much more appropriate and competitive level. The dollar has fallen back 0.4% against the yen. It has also dropped 0.4% relative to sterling as well as 0.5% versus the […] More
Euroland Accord Gets Mixed Reviews
December 9, 2011
EU leaders announced their fifth effort to stop the sovereign debt chain reaction. It features automatic mechanisms to rein in structural deficits that surpass 0.5% of GDP and to penalize total deficits in excess of 3.0% of GDP. The EFSF rescue fund would be activated next year rather than not before 2013 and is to […] More
