Japanese housing starts
The Home Stretch of 2023
December 27, 2023
The last week of this calendar year finds the dollar easing as it has done quite often at this time of year. The greenback dipped 0.2% against the euro overnight and is trading 1.6% below its mid-December level against that most influential of all dollar bilateral relationships. Other dollar dips overnight amount to 0.3% against […] More
Many Markets Still Closed
December 26, 2019
Extended Christmas holidays known in many countries as Boxing Day have kept market action to a minimum. The United States is an exception. U.S. share prices opened modestly higher. Share prices rose 0.9% in China, 0.6% in Japan, 0.4% in South Korea and Turkey but fell 0.7% in India. The dollar rose overnight by 0.4% […] More
Lots of Data Out but Dollar Marking Time Ahead of FOMC Announcement
July 31, 2019
The dollar is unchanged against the euro, Swiss franc, yen, loonie and yuan, 0.2% softer relative to the peso and Australian dollar, 0.1% lower versus sterling and 0.2% higher against the kiwi. Analysts expect a 25-basis point federal funds cut to be announced at 18:00 GMT, and Chairman Powell will begin his press conference at […] More
Quarter-end Data Deluge
June 30, 2015
The dollar is trading with overnight gains of 1.4% against the kiwi, 0.5% relative to the euro and Swiss franc and 0.1% vis-a-vis sterling. It is unchanged versus the yen and Australia and dollar and down 0.1% against the loonie and yuan. Stocks in China rebounded by a big 6.7%, buoyed by a liquidity injection […] More
A Respite from Market Activity
December 25, 2014
Virtually all markets other than Japan are closed for Christmas today, so currency changes on the wires are not necessarily representative. The dollar fell overnight by 0.6% against the Swiss franc, 0.4% relative to the euro, 0.3% vis-a-vis the yen, 0.2% versus the Australian dollar and 0.1% against the kiwi and sterling. The yuan rose […] More
Whole Lot of Data Getting Released
July 31, 2014
The deluge of monthend data releases continued on Thursday, but the dollar hasn’t reacted much, with no net change against the yen, yuan and kiwi, upticks of 0.1% versus the euro, Swissie and loonie, and gains of 0.2% relative to sterling and 0.4% vis-a-vis the Australian dollar. Share prices are mostly lower, but a 1.2% […] More
Focus Returns to Fiscal Cliff Negotiations
December 27, 2012
European markets reopened after the Christmas recess. Obama is back from Hawaii, and Congress resumes fiscal cliff talks today. There’s no hope of a “grand bargain.” Analysts are instead looking for some kind of short-term truce to buy time in January, but so far, neither House Republicans nor the Democrats show a predisposition to compromise […] More
European Share Prices Higher after Drop in Asia
May 31, 2012
May 31st is seeing the typical month-end deluge of economic data, some of which have proved better than expected. The volume of German retail sales rose 0.6% in April on top of May’s 1.6% increase. Euro area CPI inflation slowed more than expected to 2.4% in May from 2.6% in June. Swiss real GDP advanced […] More
