Dollar, Pound and Most Equities Falter as a Ton of Economic Data Got Released

November 14, 2017

The dollar rose 0.7% against sterling while posting losses overnight of 0.7% against the euro, 0.4% versus the Swiss franc, 0.2% vis-a-vis the Australian dollar, and 0.1% relative to the yen, loonie, peso and yuan. The kiwi fell 0.5%. Share prices declined 0.9% in Australia, 0.6% in Indonesia, Singapore and Hong Kong, and 0.5% in […] More

Dollar Little Affected by Risk Aversion in Other Markets

April 20, 2016

Stocks in China, Hong Kong and Taiwan slumped 2.3%, 1.5%, and 1.4%.  A Chinese central bank official implied lessening inclination to ease. West Texas Intermediate crude oil dropped 2.3% to $40.14 per barrel on news that Kuwaiti workers called off their strike. The 10-year Japanese JGB yield dipped another basis point to a record low […] More

Chinese Price Data Dampen Market Risk Aversion

April 11, 2016

Chinese share prices recovered 1.6% after a tough week. Comex gold advanced 0.7% to $1,249.87, near a three-week high. West Texas Intermediate crude oil is trading at $39.55 per barrel, just a tad south of the $40 threshold. The 10-year British gilt yield rose four basis points to 1.40%.  German bunds and Japanese JGBs are […] More

Central Banks Stand Down

January 21, 2016

In these tumultuous times, it would not be surprising to see monetary policy changes taken to help dissipate the high level of market fear.  Instead, The ECB Governing Council retained its interest rate structure, consisting of a 0.05% refinancing rate flanked by a negative 0.30% deposit rate and a +0.25% marginal lending rate. Brazil’s monetary […] More

Closing Early For Christmas

December 24, 2015

The dollar depreciated overnight by 0.5% against the yen, Swissie and Australian dollar, 0.4% versus the euro and kiwi, and 0.3% relative to sterling.  The dollar edged 0.1% against its Canadian counterpart and is unchanged vis-a-vis the Chinese renminbi. Stock markets were closed today in Germany, Italy, Norway, Switzerland, Finland, New Zealand, Australia, Malaysia, Hong […] More

Mostly Firmer Dollar Ahead of U.S. Jobs Report

November 6, 2015

The U.S. currency shows overnight gains of 0.6% relative to sterling, 0.3% vis-a-vis the loonie, 0.2% versus the yen and 0.1% against the euro, Swissie and yuan.  The dollar is 0.1% softer against the New Zealand and Australian dollars. Investors generally expect September’s weaker-than-anticipated jobs report to be followed by a solid October set of […] More

Several Countries Report Industrial Production and EU Commission Turns Down Greek Debt Proposal

June 10, 2015

The dollar recorded overnight losses of 0.9% against the yen, 0.6% versus the Australian and New Zealand dollars, 0.5% vis-a-vis the loonie, 0.4% relative to sterling and 0.1% against the Swiss franc.  The Chinese yuan was steady, and the dollar edged up 0.1% against the euro. Bank of Japan Governor Kuroda called the yen weak […] 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

No Respite from Volatility

October 16, 2014

The dollar and yen were well bid overnight.  Japan’s currency climbed 0.3% against the greenback, which otherwise advanced 1.3% relative to the Australian dollar, 0.9% vis-a-vis the kiwi, 0.8% against the loonie, 0.6% versus the euro and Swissie but just 0.1% against sterling. Stocks slumped overnight by 2.2% in Japan, 1.4% in Singapore, 1.3% in […] More

Day of Peace

December 25, 2013

Financial markets are closed Christmas Day throughout Europe and in the United States, Canada, Australia and New Zealand.  The most notable exception will be Japan.  Many places will stay shut for Boxing Day on Thursday, such as Britain, Hong Kong, Australia, Canada, Greece and Italy. Japanese corporate service prices climbed 0.4% in November and accelerated […] More