Weaker Dollar but Stronger Equity Prices

February 2, 2022

The dollar fell overnight by 0.5% against the euro and its weighted DXY index, 0.4% versus the yen, and 0.3% relative to the Swiss franc, Australian dollar and sterling. Compared to its late January high, the DXY index is now 1.6% weaker. Share prices got an additional boost from several strong earnings reports and Alphabet’s […] More

Further Recovery in Risk Appetite Ahead of Holiday

December 23, 2021

Most major markets, but not Japan’s, will be closed partially or fully tomorrow for Christmas Eve. As a result, some data were released earlier than normal today. Covid developments today were constructive on the whole. Although new cases continue to crest on the Omicron wave, the latest variant doesn’t appear to be as lethal as […] More

Revised U.S. and British GDP Figures, Record High PPI Reports, and a Big Czech Central Bank Rate Hike

December 22, 2021

Market activity so far this Wednesday has been less volatile than in recent days. The weighted DXY dollar index settled back 0.2% and was around overnight lows at the  time of the U.S. stock market opening. The dollar has fallen 0.5% against the Australian dollar, Turkish lira and sterling  but just 0.2% relative to the […] More

A Turn for the Worse on Several Fronts Sends Equities Sharply Lower Around the World

December 20, 2021

The highly infectious Omicron Variant of Covid 19 is threatening to overwhelm hospitals and forcing authorities in many places to reimpose tighter restrictions against social gathering. Pfizer’s Covid vaccine trial on kids aged 2-5 did not result  in an immunity rise as had been expected, which creates a childcare crisis and will likely prevent many […] More

Bitcoin Plunged, Dollar and Price of Oil Rose, and Equities Mixed

December 6, 2021

From $56,830 on Friday to $46,648 on Saturday, the price of a Bitcoin dived more than 15%. At $48,251 now, the price remains about 30% below its record peak. The dollar is benefiting from a belief that Fed policy over the  coming six months will pay more attention to containing the spike in inflation than […] More