German WPI

Mixed Messages Amid Cross-Currents

March 14, 2022

There hasn’t been a consistent theme this Monday tying together overnight financial market developments. The biggest Covid threat in China since early 2020 has created heavy equity market selling in that country (-2.6%) and Hong Kong (-5.0%). Sources are claiming progress in diplomatic attempts to end the military conflict between Russia and Ukraine, but Russian […] More

Quiet Start to an Important Week

December 13, 2021

The dollar firmed o.2% overnight against the euro, Swiss franc and on a weighted basis as measured by the DXY index. The U.S. currency advanced more sharply versus the Canadian, Australian and New Zealand dollars — respectively 0.5%, 0.6% and 0.4% — but has not moved on net relative to Japan’s yen. Equity markets rose […] More

A Mostly Inconsequential Friday

November 12, 2021

The dollar marked time overnight. It’s weighted DXY value did not climb further after reaching highs on Thursday not seen since July 2020. The dollar is also unchanged from Thursday closing levels against the euro, yen, loonie, and kiwi, up 0.3% versus the Turkish lira and 0.2% against the Swiss franc but down 0.2% vis-a-vis […] More

Equities and Dollar Rise after Difficult Week

September 13, 2021

Equity markets in Europe have strengthened slightly more than 1.0% in Italy and Spain and by 0.7-0.9% in Germany, France and Great Britain. U.S. stock futures are up around 0.6%, but markets earlier in the Pacific Rim had given no warning as what was to come with Hong Kong’s Hang Seng index faltering 1.5% and […] More

Dollar Starting Week on a Rising Note, whereas Share Prices and Sovereign Debt Yields Move Lower

July 12, 2021

The dollar climbed 0.6% against the Mexican peso and New Zealand dollar, 0.5% versus the Australian dollar, 0.4% vis-a-vis the loonie, 0.3% relative to sterling an 0.1% against the yen but is steady versus the euro and yuan. Stocks in the Pacific Rim had closed up 2.3% in Japan, 0.9% in Taiwan, 0.8% in Australia […] More

G7 Summit and a Greater-than-Expected Interest Rate Hike in Russia

June 11, 2021

Leaders of the Group of Seven (U.S., Japan, Germany, France, Italy, U.K., and Canada) are holding their annual summit in Cornwall, England. A third successive hike of the Central Bank of Russia has been engineered, and its 50-basis point increase to 5.5% exceeded forecasts of a 25-basis point move. The rate had been raised by […] More

Projected Euroland Growth in 2021 Revised Lower

February 11, 2021

Many Asian markets were closed today due to holiday observances. China, Taiwan, Singapore, Hong Kong, and South Korea were among the countries observing the lunar New Year, and Japan celebrated National Foundation Day. The lack of Asian market leadership confined the dollar to narrow ranges. Compared to Wednesday closing levels, the dollar is unchanged on […] More

Rise in Dollar and Share Prices

October 12, 2020

The People’s Bank of China over the weekend slashed reserve requirements on foreign exchange deposits to zero percent in a move to counter recent strength in the yuan, which gained 0.8% overnight. The move also buoyed China’s stock market by 2.6%. Other dollar gains overnight amount to 0.7% versus the Mexican peso, 0.4% relative to […] More

British Election Lifts Sterling… U.S.-Sino Phase I Progress Boosts Stocks

December 13, 2019

Boris Johnson’s Conservative Party won 365 parliamentary seats, clearing the majority threshold by 39 seats. The Conservatives won 43.6% of the votes to Labour’s 32.2% share. Sterling in response catapulted to an 18-month high of $1.3515 but has settled back to a still impressive 1.3% net overnight advance against the dollar. The greenback also touched […] More

Muted Overnight Moves in Dollar but Share Prices Up

March 15, 2019

The dollar this Ides of March is unchanged from Thursday closing levels against the yen, loonie and Swiss franc. The dollar fell 0.2% against the euro, sterling and Australian and New Zealand dollars and by 0.1% versus the yuan. Share prices rose 1.3% in China, 0.8% in Japan, and 0.6% in Hong Kong and show […] More

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