IFO business climate index

Dollar Retreats but European Stocks Rise Strongly

January 25, 2017

The dollar fell 0.6% against sterling, 0.5% relative to the yen, 0.4% vis-a-vis the loonie and kiwi and 0.3% against the euro, Swiss franc, yuan and Mexican peso. Yesterday’s tightening of Turkish monetary policy had a perverse effect on the lira, convincing investors that the currency is so vulnerable that more monetary restraint will be […] More

Aussie and New Zealand Dollars Weaken while Euro and Swissie Strengthen

November 22, 2013

The U.S. dollar has risen 0.7% and 0.6% against the Oz and kiwi but is 0.3% softer relative to the euro and Swiss franc.  The dollar also climbed 0.3% relative to the loonie and is unchanged vis-a-vis the yen, yuan and sterling. Share prices rose 0.9% in Australia, 0.6% in South Korea, 0.5% in Hong […] More

Still No Resolution in Cyprus

March 22, 2013

The Cypriot government has until Monday to raise EUR 5.8 billion, or the country will not receive bailout money from the ECB troika.  A rumor that Laiku Bank might close sent depositors scrambling to ATMs.  Not much data were released overnight.  The IFO business climate index for Germany was the main item, and it was […] More

Focus Continuing on Europe, and the Mood Remains Apprehensive

March 26, 2012

The dollar climbed 0.6% against the yen but is otherwise narrowly mixed, with losses of 0.3% versus the loonie and 0.1% against the Australian dollar but gains of 0.2% vis-a-vis the euro and Swissie and 0.1% relative to sterling.  The dollar was fixed in Beijing at a new post 2005 low of 6.2858 yuan but […] More

For a Change Some Good News to Lift Risk Appetite

December 20, 2011

The dollar lost 1.0% against the Australian dollar, 0.9% versus the kiwi and sterling, 0.6% relative to the loonie, euro and Swissie, and 0.1% against the yen.  The yuan is steady.  Pre-Christmas thin trading volume has arrived, so feedback from the market needs to be taken with a grain of salt. The German Dax and […] More