Japanese current account

Equities and Dollar Steady but Pandemic Not Going Away

August 10, 2021

Covid trends keep worsening. U.S. daily cases hovering at 125k, and hospitalization and death rates are rising too. Global deaths closing in on 4-1/3 million, and a number of countries including China have tightened restrictions against social activities. Overnight dollar changes were mostly confined to a range of plus or minus 0.2%. Share prices Tuesday […] More

Bracing for the Potential of More Disruptive U.S. Releases Today

May 13, 2021

Last Friday brought the biggest monthly under-performance of U.S. jobs relative to analyst expectations, and yesterday’s consumer price report crushed market forecasts. Instead of monthly and yearly rises of 0.2% and 3.6%, the total CPI jumped 0.8% on month and to a 151-month year-on-year high of 4.2%. Even worse, core CPI recorded its largest monthly […] More

Somewhat Weaker Dollar

April 8, 2021

The dollar is trading 0.2% lower against its DXY weighted index and versus the loonie, Swiss franc, sterling, Turkish lira and Mexican peso. Larger drops include losses of 0.6% versus the yen, 0.5% against the kiwi and yuan, and 0.4% vis-a-vis the New Zelanad dollar. No net change against the euro limited the weighted dollar’s […] More

Firmer Share Prices, Commodity Prices and Dollar

February 8, 2021

U.S. share prices point to a 0.3-0.4% additional rise at today’s open. Equities earlier had climbed 2.1% in Japan, 1.0% in China, 0.9% in Indonesia, 0.8% in Singapore and 0.6% in Australia. European gains so far today amount to 0.7% in France, 1.0% in the U.K., 0.5% in Switzerland, 0.3% in Germany and 1.6% in […] More

Covid Concerns, U.S. Political Tensions, Disinflation, and Weak Demand

November 10, 2020

Yesterday’s vaccine news spurred a stock market rally, but pandemic prospects remain poor until vaccines and therapeutic treatments are widely available. The public is being warned of a grim winter just ahead. New global Covid cases topped half a million yesterday, including a fresh record U.S. number exceeding 130k. U.S. hospitalizations are hovering near 60k. […] More

The Debate, Central Bank News, and More Data to Digest

October 8, 2020

Any reaction to the single U.S. vice presidential debate last night has already been squashed by just-breaking news regarding the second presidential debate scheduled for October 15th in Miami. The debate commission decided that debate should be held virtually rather than in person inasmuch as President Trump and many of his advisers have Covid, and […] More

Some Sizable Financial Market Moves Overnight

August 11, 2020

The dollar lost 0.4% against the euro, Swiss franc, Australian dollar and Mexican peso. The U.S. currency also fell 0.5% versus the Canadian dollar, 0.3% relative to sterling, 0.2% vis-a-vis the Chinese yuan, and 0.1% against the kiwi but ticked 0.1% higher versus the yen. This time, dollar depreciation wasn’t correlated with a strengthening price […] More

U.S. Covid Data Continues to Draw Close Scrutiny from Financial Markets

July 8, 2020

The number of new U.S. Covid-19 cases identified in the past 24 hours once again surpassed 55,000, and there have been about 1000 related deaths, which is twice the number in the prior day. A number of Fed officials have recently pointed to this worrying development as perhaps foreshadowing a leveling off of economic recovery […] More

Comparatively Steady Dollar to Start Week

February 10, 2020

The dollar is unchanged from Friday closing levels against the yen, Swiss franc, loonie, and kiwi, and it has edged a mere 0.1% lower relative to the euro, Aussie dollar and peso. Bigger drops can be seen of 0.3% versus the yuan and 0.4% relative to sterling. Share prices fell 0.5-0.8% in a number of […] More

More Inflation Data, Japanese Current Account, and Chinese Trade Figures Released

January 14, 2020

Compared to closing levels yesterday, the dollar is unchanged against the yen, peso, and sterling, up 0.3% against the kiwi, 0.2% versus the euro, and 0.1% relative to the Canadian and Australian dollars but down 0.2% against the Swiss franc and 0.1% versus the Chinese yuan. Phase One U.S.-Sino trade pact is reportedly ready to […] More

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