Japanese industrial production
Dollar and U.S. Equities in Fine Shape at Midyear
June 30, 2026
Many data have been released on this final day of June and the second quarter of 2026. In other developments, U.S. and Iranian peace negotiators are in Qatar to enter a new and delicate stage of talks, with each side interpreting the results of prior talks differently and military skirmishes still happening, and the other […] More
Temporary Reciprocal Tariff Pause on Tech Lifts Equities But Dollar Continues to Weaken
April 14, 2025
(196) The dollar fell overnight by 0.9% against sterling, 0.8% versus the Mexican peso and New Zealand’s currency, 0.6% relative to the Aussie dollar, 0.2% vis-a-vis the loonie, and 0.3% against the Japanese yen and euro. Intra-day lows of 1.1424 per euro and JPN 142.2 constituted the dollar’s lowest value in 39 and 6 months, […] More
Dollar Kicks Off Week on a Positive Note
October 14, 2024
The weighted DXY dollar index rose 0.3% overnight to a nine-week high, with gains of 0.6% against the Swiss franc, kiwi and Aussie dollar, 0.4% relative to the Japanese yen, 0.3% versus the Chinese yuan and 0.2% vis-a-vis the euro, loonie, and sterling. Holidays today: Japan was closed for Health-Sports Day, and Canadians will be […] More
Yen Slides 0.9% in Spite of First Bank of Japan Interest Rate Hike Since February 2007
March 19, 2024
The Bank of Japan‘s ended “yield curve control”, a negative short-term interest rate target, and asset purchases other than government bonds and restored the primacy of its overnight rate — now 0-0.1% — as its primary policy tool. These changes were justified by the greater-than-expected 5% wage increases that came out of this year’s spring […] More
U.S. Equities Not Out of the Woods and Yen Drops After BOJ Policy Tweet
October 31, 2023
Yesterday’s 1.2-1.6% advance in major U.S. stock market indices appears more a case of bottom-fishing than the start of an uptrend. The FOMC’s two-day policy review that starts today isn’t expected to result in an interest rate hike, but the post-meeting press conference will likely strike a hawkish tone in light of recent robust U.S. […] More
Capping a Big Week in Financial Markets Driven By Lower Inflation Readings
July 14, 2023
In the past week, the Dow Jones Industrial Average has jumped 1000 points, the 10-year U.S. Treasury yield has plunged 28 basis points, and the dollar has depreciated 2.7% against the yen and 2.4% against the euro. If inflation continues to recede, the Federal Reserve may not need to lift interest rates as much as […] More
Central Bank Interest Rates Back in the Spotlight
June 20, 2023
Tuesday has been a more active day in financial markets than Monday, with the return of U.S. leadership after yesterday’s Juneteenth holiday. The dollar has been mixed, dropping 0.3% against the yen and 0.1% versus the euro but advancing 1.0% relative to the Australian currency, 0.5% vis-a-vis the kiwi, 0.4% against the Turkish lira, 0.3% […] More
Investors More Hopeful Than Yesterday about Debt Ceiling Talks
May 17, 2023
The dollar rose overnight by 0.8% against the Mexican peso, 0.6% versus the Japanese yen and Swiss franc, and 0.4% relative to the euro. The Japanese Nikkei closed up 0.8%, but share prices in Hong Kong, Singapore, South Korea, India and Australia closed lower. Continental European equities are slightly higher, and so are the DOW […] More
Stronger Dollar, Higher Long-Term Interest Rates, and Softer Equities
April 19, 2023
Equities in the United States are down over a half percent in futures trading as investors react to the latest batch of reported corporate earnings. European shares are only marginally lower. In Asia, stocks closed down 1.4% in Hong Kong, 0.7% in China, 0.3% in India and 0.2% in Japan. The Fed Beige Book of […] More
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
