President Trump

Stocks and Bond Yields Lower, May Manufacturing PMIs Out, and Yet Another Trumpian Insult of a Foreign Politician

June 3, 2019

The dollar slid overnight by 0.4% against the kiwi, 0.3% versus the Swiss franc and Australian dollar, 0.2% vis-a-vis the loonie and 0.1% against the euro, while holding flat relative to the yen and sterling. 10-year sovereign debt yields slipped six basis points in Italy, 2 bps in France and the U.K. and a basis […] More

Trump Again Monopolizing the News Cycle

August 28, 2018

Today’s news centers on President Trump. Accuses Google of rigged search results. Offers belated thanks for John McCain’s service to the country. Completes a bilateral trade deal with Mexico. But dampens expectations on likelihood of a deal with China. The dollar is unchanged against the yen, Mexican peso, and sterling. The dollar has slipped 0.3% […] More

Share Prices Falter… British and Czech Central Bank Rates Hiked

August 2, 2018

The tone of tariff threats between the United States and China has intensified. The Turkish lira tumbled to an all-time low beyond the 5 per dollar level yesterday in response to the imposition of U.S. sanctions against the Turkish Minister of Justice. The lira had already been under siege as a result of accelerating inflation […] More

Stocks Keep Rising but Dollar Steadies

January 3, 2018

In overnight trading, the dollar recouped 0.4% against the Swiss franc, 0.3% versus the euro, 0.2% relative to sterling and 0.1% vis-a-vis the loonie, yuan and kiwi. A particularly large 1.1% advance against the Mexican peso followed U.S. President Trump’s renewed call for a southern border wall and tighter restraints on immigration. The dollar dipped […] More