New Zealand CPI

Dollar Leaped 1.2% Overnight to 19-Month High

January 27, 2022

Fed Chairman Powell’s implication that Fed tightening in 2022 will exceed market expectations lit a flame under the dollar, which overnight rose 1.2% on a weighted basis to its best level since June 28, 2020. The dollar climbed 0.7% against the euro and Swiss franc, 0.5% relative to the yen, kiwi and sterling, and 0.4% […] More

Dollar Bounces Higher

January 26, 2017

The dollar recovered 0.8% overnight against the yen and and is up 0.4% relative to the Canadian, Australian and New Zealand dollars. The greenback rose 0.2% versus the euro but slipped 0.2% against the Swissie. The yuan is unchanged, and the Mexican peso rebounded 0.3% as President Nieto said his country will not pay for […] More

Stocks and Commodities Up, Dollar and Bond Yields Down

October 18, 2016

The dollar eased overnight against the currencies of other advanced economies. Losses of 1.1% against the kiwi and 1.0% versus sterling led this move. The dollar also fell 0.7% relative to the Australian dollar, 0.5% versus the loonie, and 0.1% relative to the yen, euro and Swiss franc. The pound was lifted by news that […] More

Intensifying Risk Aversion

January 20, 2016

Share prices closed down 4.1% in Hong Kong, 3.7% (or 632 points) in Japan, 3.0% in Singapore, 2.3% in South Korea, 2.0% in Taiwan, 1.7% in India, 1.5% in China, 1.4% in Indonesia and 1.3% in Australia.  Equity declines today in Europe so far amount to 6.8% in Greece, 3.2% in France, 3.1% in Switzerland, […] More

Market Reaction to Chinese Monetary Easing

April 20, 2015

The People’s Bank of China slashed its reserve requirement to 18.5% from 19.5%.  The full-percentage point reduction was twice as great as a previous 50-bp cut announced on February 4 and came in reaction to weaker GDP and other data announced last week.  February’s cut had been the first since three 50-bp reductions engineered in […] More

Little Growth and Even Less Inflation

October 23, 2014

As on Wednesday, data released today have accentuated subdued growth and disinflation. The kiwi fell 1% against the U.S. dollar, which otherwise shows no change against the loonie, Australian dollar or yuan, downticks of 0.2% relative to the euro and Swiss franc, and rises of 0.3% vis-a-vis the yen and 0.2% against sterling. Share prices […] More

Lots of Data and a Better Tone in Equities

April 16, 2014

Japan’s Nikkei catapulted 3.0% higher, and stocks so far in Europe are up by 2.0% in Italy, 1.1% in Spain, 0.9% in France, 0.8% in Germany, 0.5% in Switzerland and 0.3% in Britain.  In other selected markets around the Pacific Rim, stocks gained 0.6% in Australia, 0.3% in New Zealand, 0.2% in Singapore and 0.1% […] More

Dollar Strengthening as 3-Day U.S. Holiday Weekend Ends

January 21, 2014

U.S. markets will reopen following the MLK holiday, but activity will continue to be dampened by a big storm in the Northeast. The dollar gained overnight by 0.7% against the kiwi, 0.5% relative to the yen, loonie and Swiss franc, and 0.3% versus the euro and Australian dollar.  The Canadian dollar weakened through the 1.1000 […] More

Hot Air and More Black Smoke from the U.S. Congress

October 16, 2013

The Fitch rating agency placed U.S. sovereign debt on Watch Negative, claiming that permanent damage may already have begun. After the U.S. House of Representative again failed to take a vote, effort reverted to the Senate.  Although a deal with agreement by both chambers before the original debt ceiling deadline of October 17 (Thursday) seems […] More

Share Prices Drop Significantly Further in Europe

July 18, 2011

With Japan closed for Marine Day, stocks in the Pacific Rim were mixed, dropping 0.7% in South Korea, 0.6% in New Zealand, 0.4% in Taiwan, 0.3% in Hong Kong and India, and 0.2% in China, gaining 0.4% in Thailand and 0.2% in Indonesia, and closing unchanged in Australia.  But the mood of investors soured anew […] More