Japanese trade balance

Dollar Close to a Two-Month Low

April 19, 2021

The dollar kicked off this third week of April with a 0.5% decline on a weighted basis overnight. The U.S. currency lost 0.7% against the Swiss franc, 0.6% versus the yen, Australian and New Zealand dollars, 0.5% relative to sterling, and 0.4% against the euro and Mexican peso. To some extent, the dollar’s slippage may […] More

Awaiting Today’s Fed Forecasts and Powell’s Press Conference

March 17, 2021

Against the backdrop of a significantly improved U.S. economic growth outlook this year and rising U.S. and global inflation lately, the 10-year U.S. Treasury yield  climbed from 0.89% in mid-December to 1.01% when the FOMC last met to a 13-month high of 1.67% today, the second scheduled FOMC meeting of 2021 figures to be the […] More

Covid News Proceeding on Two Tracks, While Dollar Slipping but Slows

November 18, 2020

There’s been more good news regarding Covid vaccine developments as Pfizer’s product, like Moderna’s, has been shown to be 95% effective. Before vaccines can be distributed widely, however, current spikes in cases and deaths point to a very difficult winter ahead for public health and economic activity. New U.S. cases and deaths yesterday approached 160,000 […] More

And the Dollar Downbeat Goes On

September 16, 2020

FOMC Day in America finds the dollar struggling to tread water. The U.S. currency slipped further to a 16-month low against the Chinese yuan and a 7-week low relative to the yen and is hovering near a 5-year low against the Swiss franc and a 2-1/2 year low against the euro. Overnight losses in the […] More

A Relatively Steady Dollar This Monday

July 20, 2020

This will be a light week from a data release standpoint, but many other factors are vying for investor attention as the period commenced. European Union leaders are in their fourth day of talks to find common ground on shared fiscal support against the Covid-19 recession. The U.S. congress returns from two weeks of recess […] More

Dollar Little Changed Overnight

June 17, 2020

The dollar is narrowly mixed this Wednesday. In spite of concerns that attempts to reopen social activities could intensify the Covid-19 pandemic, stock markets mostly rose, with the notable exception of a 0.6% slide in Japan’s Nikkei-225. New Zealand’s market shot up 3.9%, and European bourses show gains today so far of 1.3% in Switzerland, […] More

Disturbing News on Market, Economic, Medical and Social Fronts

April 20, 2020

The price of West Texas Intermediate crude oil collapsed under the weight of exhausted storage capacity and plunging demand. At its overnight low of $11.04 per barrel, the price was down 39% on the day and by more than 80% from its 52-week high. It’s also the lowest since the first quarter of 1999 during […] More

Stocks and Bond Prices Tumble, and the Dollar Keeps Strengthening

March 18, 2020

Fear deepened on Wednesday. The number of covid-19 cases worldwide rose over 15,000 in the last 25 hours to 203,612, and 730 more reported deaths brings the pandemic total to 8,229. The U.S. senate continues to obstruct, even though Treasury Secretary Mnuchin reportedly made the prediction of 20-plus unemployment in the United States without passage […] More

China Uncertainty Weighing on Stocks

November 20, 2019

For some time now, much of the day-to-day swings in financial market sentiment has been attributed to shifting perceptions about U.S.-Sino trade talks, and oftentimes in the absence of  concrete understanding of how those talks are really progressing. It makes one wonder if the trade talks have been a convenient excuse for explaining away normal […] More

A Quartet of Central Bank Rate Cuts and Netflix Stock Takes a Large Hit

July 18, 2019

Central bank rates were cut today in South Korea, Indonesia, South Africa, and Ukraine. The likelihood that the Fed will ease at the end of this month played a role in each of these actions. All of the reductions were 25-basis point moves. The share price of Netflix has tumbled 10.75% in response to an […] More

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