Japanese industrial production
Dollar Well-Bid Ahead of Tomorrow’s FOMC Rate Hike and Today’s PPI Report
June 14, 2022
The weighted dollar is trading just a tad below’s yesterday’s strongest reading since November 2002. Compared to closing levels in NY on Monday, the dollar has strengthened 0.5% against sterling and Mexican peso, 0.4% versus the Australian dollar, 0.3% relative to the Canadian dollar, 0.2% versus the kiwi, and 0.1% vis-a-vis the Japanese yen. The […] More
Sobering Data
October 29, 2021
A round of risk aversion depressed equities but lifted the dollar and 10-year bond yields on Friday. The price of gold dipped below $1,800 per ounce. Ten-year German bund and British gilt yields rose five basis points overnight, and the 10-year Treasury yield is 3 bp higher. Share prices fell 1.3% in South Korea, 1.4% […] More
Heavy Day for Released Data
August 31, 2021
Typical of the final business day of the month, August 31, 2021 has experienced a bunch of reported data around the world. In financial markets, the dollar has slipped back 0.2% against its DXY weighted index but is up 0.5% compared to a month ago. Overnight moves in the dollar include drops of 0.2% versus […] More
Data Evidence of Higher Inflation and a Setback in Industrial Production
July 14, 2021
In overnight currency market action, the weighted dollar touched its highest level (92.83) since very early in April but subsequently settled back to 0.1% below its Monday closing level. Net dollar losses so far today are 0.4% versus the Mexican peso, 0.3% relative to sterling and 0.1% versus the yen, euro, loonie and Australian dollar. […] More
With an Eye Toward Wednesday’s FOMC Meeting, Markets in Pause Mode
June 14, 2021
The dollar is 0.1% softer on a weighted basis, and most key dollar currency pairs have barely moved from Friday closing levels. Not only are investors marking time until Wednesday’s FOMC announcement, but several markets were closed today (China, Taiwan, and Hong Kong for the Dragon Boat Festival and Australia for the Queen’s Birthday holiday). […] More
Quarter-End, a Flood of Reported Data, and an Eagerly Awaited Speech by Biden on His Infrastructure Plans
March 31, 2021
The dollar is trading modestly lower (e.g. -0.1% on the DXY weighted index) on this final day of the first quarter. In overnight equity market action, share prices climbed almost 1% in Australia and New Zealand but have slipped in Asia and, to a lesser degree, in Europe. The S&P 500 and DJIA futures indices […] More
Chinese Data, MLK Day and First Central Bank Rate Change of 2021
January 18, 2021
Financial markets this Monday will lack U.S. leadership due to the observance of MLK Day. In the wake of aroused racial strains that culminated in the 1/6 domestic terrorism attack on the nation’s capitol, there is extra poignancy to this year’s observance and uneasiness that more violence may mar this day. The National Bank of […] More
Stock Markets and Bitcoin Rise in First Post-Xmas Trading; Dollar Weak but Steady
December 28, 2020
After threatening not to sign the $900 billion U.S. pandemic relief package that extends extra jobless benefits and continues the half on shelter evictions, President Trump did sign the bill over the weekend. A possible federal government shutdown has been averted. Markets remain closed today (Boxing Day) in the U.K., Australia, New Zealand and Canada. […] More
Lots of Monthend Data, Fresh Covid Records, Disappointing Tech Earnings, and Home Stretch of the U.S. Election Campaign
October 30, 2020
Almost 600,000 new Covid cases worldwide have been identified in the past day, and the U.S. count exceeded 90,000 for the day and more than 9 million since the first case was reported. U.S. stock futures are down about 1% after several high tech firms reported weaker-than-forecast earnings for 3Q. Share prices in the Pacific […] More
Marginally Softer Dollar
October 14, 2020
The U.S. dollar edged down overnight by 0.3% against sterling, 0.2% relative to the Australian and New Zealand dollars, and 0.1% versus the yuan, Swiss franc and yen, while holding steady vis-a-vis the euro and loonie. The dollar price of gold firmed 0.5%. Stock markets in the Pacific Rim rose 0.9% in Indonesia, 0.7% in […] More
