New Zealand CPI
Dollar Up Amid Weaker-Than-Forecast Data Around the World
August 15, 2022
The weighted DXY dollar index is up 0.6% and near its overnight highs. Gains compared to Friday closing levels have been even higher relative to the Canadian dollar (1.0%), New Zealand dollar (1.3%), Australian dollar (1.2%) and Mexican peso (0.7%). The dollar has risen 0.6% vis-a-vis the euro, 0.5% versus sterling and 0.4%relative to the […] More
Rebound of Appetite for Riskier Assets
July 18, 2022
Fed officials have pushed back against market speculation that the federal funds rate will be lifted by more than 75 basis points this month. They apparently are hopeful that the dip in the price of oil under $100 per barrel and some evidence of tempered price expectations might be a sign of inflation peaking. Similar […] More
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
