Japanese CPI
Evergrande Misses Payment and Some Disappointing Data Reported
September 24, 2021
The dollar rose against most currencies overnight, including gains of 0.7% against the Aussie dollar, Mexican peso and Turkish lira, 0.6% relative to the New Zealand dollar, 0.3% vis-a-vis the loonie and sterling and 0.2% against the Japanese yen. But dips of 0.2% versus the euro and 0.1% against the Swissie suppressed net movement in […] More
Week of Bad News Limping to a Close
August 20, 2021
Equity markets experienced another difficult day in Asia but have showed scant net change so far in Europe or the United States. Share prices closed down 1.8% in Hong Kong, 1.2% in South Korea, 1.1% in China and 1.0% in Japan. The weighted DXY dollar index touched a 9-month high of 93.73 overnight but is […] More
Dollar and Yen Continue benefiting from Post-FOMC Risk Aversion
June 18, 2021
The dollar edged 0.1% higher overnight against its weighted DXY index to its strongest level since April 12. In bilateral terms, the U.S. currency advanced 0.4% against the Australian dollar, 0.3% versus the New Zealand dollar and sterling, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the loonie, but the dollar dipped 0.1% against […] More
April PMI Results, Bold U.S. Policy Proposals, and a 50-Basis Point Central Bank Hike in Russia
April 23, 2021
The weighted dollar fell 0.3% overnight and double that for the week. Against specific other currencies, the dollar lost 0.7% against the Japanese yen, 0.3% relative to the euro, Australian dollar and sterling, and 0.2% versus the Swiss franc, Mexican peso, and New Zealand and Canadian dollars. The dollar held steady against the Chinese yuan […] More
A Week of Transition Ends with Release of Weak Data and Fresh Investor Uneasiness
January 22, 2021
The Biden Administration has been busy reorienting American policies, but markets today are most fixated on alarming Covid trends and fresh evidence of their adverse impact on economic activity. U.S. equity futures are set to open 0.5-1.0% lower today after markets closed down 1.7% in Indonesia, 1.6% in Hong Kong, 1.5% in India, 0.9% in […] More
Dollar Down but Stocks Up After U.S. Presidential Debate and First Glimpse at October PMI Surveys
October 23, 2020
The dollar slipped by 0.4% overnight against the Australian and Canadian dollar, 0.3% relative to the Swiss franc, 0.2% vis-a-vis the peso, kiwi, and euro, and 0.1% versus the yen and yuan. Contrary to the softer trend, the dollar has edged up 0.1% against sterling, and sovereign debt yields and share prices are each firmer. […] More
Equities Buoyed by Promising Vaccine News and Expansive Macroeconomic Developments
July 21, 2020
Reports have surfaced of promising results in early Covid-19 vaccine trials involving three different projects — those of Oxford, Pfiser, and BioNTech. Global cases advanced another 210k over the past 24 hours, but there was a smaller number of U.S.-reported deaths (554). Leaders of the European Union compromised on a EUR 750 billion joint pandemic […] More
Provocations by Chinese National People’s Congress and Special Central Bank Meetings in Japan and India
May 22, 2020
China’s government has decided to crack down on Hong Kong dissonance with a series of new security laws. Protesters will have fewer liberties and will be punished more severely. Hong Kong’s stock market plunged 5.6% in response. At China’s National People’s Congress, the tradition of setting an annual growth target was abandoned in a sign […] More
More Evidence of Deep and Global Economic Downturn
April 24, 2020
Dollar movements on the final day of the week have been comparatively modest and somewhat mixed against other major currencies. The price of West Texas Intermediate crude oil extended its rebound but is currently still down 7.6% since last Friday’s close. Gold is little changed. Further substantial declines of 9-10 basis points have occurred today […] More
Dollar Continuing to Flourish Amid Coronavirus Concerns
February 21, 2020
The dollar climbed overnight by 0.8% against the peso, 0.3% relative to the Australian and New Zealand dollars and 0.1% versus the Chinese Renminbi. There have been dips of 0.3% against sterling, 0.2% versus the Swiss franc and 0.1% relative to the yen and euro. Dollar strength can be seen against a broad spectrum of […] More
