Italian PPI
More Central Bank Hikes Despite Lower-Than-Feared Oil Prices
September 29, 2026
Any U.S.-Iranian ceasefire deal before the U.S. midterm elections seems highly unlikely. And yet, the West Texas Intermediate price of crude oil settled back 0.8% from Monday’s closing level and at $91.86 is much closer to $90 than triple-digit territory. Somewhat greater traffic is moving through the Strait of Hormuz, and oil users are doing […] More
Brexit Exerting Intensifying Toll on Sterling
July 29, 2019
The pound fell 1.0% overnight against the dollar and euro. In British domestic trading, the FTSE-100 has jumped 2.0%, while the 10-year gilt yield dropped five basis points. The case of sterling exemplifies the fact that so long as global inflation remains subdued, currency depreciation is more desirable economically and politically than currency appreciation. Against […] More
Important Decisions Later Today in the Long Brexit Saga
January 29, 2019
The major dollar relationships have moved 0.2% or less overnight. President Trump’s State of the Union Address has been reset for February 5th. Originally, it would have been today but was delayed because of the federal government shutdown. That leaves today’s major object of market attention fixed on Britain’s Parliament, where a series of votes […] More
Dollar Down a Bit, Stocks Go a Little Higher
March 29, 2018
The dollar has slipped 0.4% against the yen, 0.3% relative to the Aussie currency, 0.2% versus the peso, yuan and loonie, and 0.1% vis-a-vis the euro and Swiss franc. The dollar also edged up 0.1% against sterling overnight. British real GDP growth last quarter was confirmed to have risen 0.4%, down from a 0.5% increase […] More
