Firmer Dollar as Investors Await U.S. Data Today and FOMC Tomorrow

June 15, 2021

The U.S. dollar‘s largest overnight gains are against the Turkish lira (1.1%), Canadian dollar and sterling (each +0.4). After his meeting with Biden, Turkish President Erdogan didn’t back off his provocative military plans, and that weighed on the lira. In Pacific Rim stock market action, markets in New Zealand, Japan, Australia Taiwan, and Singapore closed […] More

New Evidence of Europe Sliding Closer to Recession

September 23, 2019

Preliminary purchasing manager September survey results for the euro area, Germany, and France reflect a further quantum loss of economic momentum, which is most pronounced in manufacturing but spreading also now into the service sectors. Share prices in response have so far dropped 1.1% in Italy, 1.0% in Germany and Spain, 0.9% in France and […] More