Japanese labor statistics

Reminders that Covid’s Negative Effect on Economic Activity Isn’t Going Away Quickly

March 2, 2021

Yesterday was a good day from a data release point of view, and equities rallied around the world. Today’s news has been more sobering. German retail sales, which had tumbled 9.1% in December but been forecast to be fairly flat in January, instead took a further 4.5% dive and recorded an even greater year-on-year slide […] More

Yesterday’s Dollar Rebound Already Petering Out

January 30, 2018

The dollar‘s advance on Monday was trimmed by overnight losses of 0.5% against the Swiss franc, 0.3% relative to the euro and yen, 0.2% vis-a-vis the New Zealand and Australian dollars, and 0.1% versus the loonie and sterling. Investors want to see exactly what President Trump presents in tonight’s state of the union address and […] More

Oil Price Retreat Extended

March 29, 2016

West Texas Intermediate crude oil slid another 2% and is trading about 7% below last Wednesday’s close.  Gold (down 0.3%) and most metals are lower, too, adding to the heaviness of commodity-sensitive currencies. A narrowly mixed dollar is down 0.5% against the New Zealand dollar and shows losses of 0.2% against the loonie and sterling […] More

Monthend Finds Dollar and Stocks Mixed and Commodities Lower

July 31, 2015

With July drawing to an end, the dollar rose overnight by 0.8% against the kiwi, 0.5% versus the Aussie dollar, 0.,2% relative to the loonie and 0.1% against the yen and sterling.  But the dollar also fell 0.7% against the Swiss franc and 0.4% vis-a-vis the euro.  The yuan is steady. The Shanghai Composite index […] More