Across-the-Board Softness in the Dollar

January 19, 2011

The dollar fell overnight by 0.5% against the euro, Swiss franc, kiwi, Australian dollar and yen and is 0.2% lower relative to the Canadian dollar and sterling. The Chinese yuan moved less than 0.1% against the dollar; however, it was fixed by Beijing officials at its strongest value since flexibility was first introduced in July […] More

Stocks Up and Dollar Down

January 18, 2011

With the U.S. market reopening after a three-day holiday weekend, the dollar lost 1.0% against the euro, 0.7% against sterling, 0.6% versus the Swiss franc, 0.5% relative to the Australian dollar, 0.3% against the Canadian dollar, 0.2% versus the yen and yuan, and 0.1% against the kiwi. Stocks are up by 1.1% in Great Britain […] More

China’s Reserve Requirement Tightened

January 14, 2011

The People’s Bank of China raised reserve requirements.  For big banks, such will become 19% on January 20, up from 18.5%.  There have so far been seven increases of reserve requirements and two interest rate hikes, the last one of those getting announced on December 25.  More tightening lies ahead, as inflation continues to trend […] More

Stocks Sharply Lower in Asia and Europe

January 10, 2011

The fear of tighter monetary policies to curb inflation depressed Asia equities.  Share prices fell by 4.2% in Indonesia, 2.4% in India, 1.9% in China, 2.1% in The Philippines, 1.8% in Thailand, 1.0% in Singapore and 0.7% in Pakistan and Hong Kong. Japanese markets were closed for Coming of Age Day. European stocks have been […] More