Japanese current account

The Morning After

November 9, 2022

The U.S. midterm elections had been among the most anticipated event of 2022 among financial market participants. What is known at this writing is that Republicans retook control of the House of Representatives and will have a seat majority of 25 or more. Control of the Senate remains uncertain, and composition has change little from […] More

Dollar Down as Investors React to Surprisingly Strong U.S. Jobs and Chinese Trade Data

August 8, 2022

All economic upswings end eventually, but better-than-forecast economic data releases on Friday and Saturday have persuaded investors that a downturn in the United States and world economies is not a clear and present danger. U.S. congressional movement closer to a broad bill to counter global warming has also buoyed optimism. The dollar, which has for […] More

Equity Rout Paused but Rise of Commodity Prices Continues

March 8, 2022

The price of Nickel soared more than 200%, forcing that exchange to stop trading. Prices for silver (+2.6%), WTI oil (+2.5%), wheat (+1.2%) and gold (+0.8%) climbed further as well. The euro recovered 0.3% overnight, causing the DXY dollar index to fall almost 0.3%. The greenback gained 0.4% against the yen, 0.5% versus the Australian […] More

Softer Euro Against Dollar and Other European Currencies

February 8, 2022

The dollar rose 0.2% overnight in weighted terms and against the Japanese yen. Sterling and the Swiss franc nearly matched strides with the greenback, but the euro slid on some dovish remarks by ECB President Lagarde and lost 0.4% against the U.S. currency. Lagarde maintained that medium-term inflation expectations remain aligned with the ECB target […] More

Several Countries Releasing Price Data Today

January 12, 2022

The following price data were reported before the highly awaited U.S. CPI report: Chinese consumer price inflation slowed more than predicted in December, dropping 0.8 percentage points from a 15-month high of 2.3% in November to a 2-month low of 1.5%. Average CPI inflation in 2021 of 0.9% was only a third of the government’s […] More

Quieter Day: Omicron Developments Still Encouraging

December 8, 2021

Omicron news continues to be reassuring. Booster shots appear to reduce rate of transmission, and the symptoms of this Covid variant seem less severe than with the Delta Variant. The most notable financial market development today has been a large rise in Continental European ten-year sovereign debt yields, for instance, of 10 basis points  in […] More

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