RBA minutes
Wait and See
July 18, 2023
Investors this Tuesday await the continuing parade of second-quarter corporate results, several U.S. economic data due shortly, and possible news from G20 finance ministers and central bankers meeting in India. Hardly any data were released in Asia or Europe overnight. The dollar slipped 0.4% and 0.2% against sterling and the euro, which touched 15-month and […] More
Central Bank Interest Rates Back in the Spotlight
June 20, 2023
Tuesday has been a more active day in financial markets than Monday, with the return of U.S. leadership after yesterday’s Juneteenth holiday. The dollar has been mixed, dropping 0.3% against the yen and 0.1% versus the euro but advancing 1.0% relative to the Australian currency, 0.5% vis-a-vis the kiwi, 0.4% against the Turkish lira, 0.3% […] More
Corrective Dollar Move Extended
July 19, 2022
The weighted DXY dollar index slid another 0.8% overnight to a 2-week low and is 2.6% below its recent multi-decade peak. Dollar losses since Monday’s close equal or exceed 1.0% relative to the euro, Swiss franc, Australian dollar, New Zealand dollar and especially the Russian ruble (-5.8%). The dollar also lost 0.6% versus sterling and […] More
Investors Seeking a Floor
June 21, 2022
Bottom-fishing lifted share prices by 1.8% in Japan, Pakistan and India, 1.9% in Hong Kong, 2.4% in Taiwan, and 1.4% in Australia this Tuesday. Equities currently are up 1.2% in France and show a 0.7% rise in Italy, Germany, and Great Britain. U.S. stock futures have climbed around 1.7%. Mixed movement in the dollar saw […] More
Counting Down the Days
October 20, 2020
It’s T-minus two weeks to the U.S. presidential and congressional election. In national polls, Biden leads by just under 10 percentage points, but suspense continues because of Trump’s refusal to say he will honor the result, the electoral college distortion that necessitates a Democrat to secure a 5% or greater popular vote plurality in order […] More
Confidence Rising that Central Banks Will Counter Deteriorating Global Economic Outlook
June 18, 2019
Today could have been an ugly day in world financial markets. The Japanese Nikkei lost 0.6% overnight. Ten-year sovereign debt yields show big declines of 17 basis points in Italy, 10 bps in France and Spain, 7 bps in the United States and Germany, and six bps in the U.K.. The German ZEW Institute’s June […] More
More Evidence of Softening Euroland Economy
February 19, 2019
Aside from rises of 0.5% against the kiwi, 0.4% versus the Australian dollar and 0.3% relative to the euro, there’s been little net movement in the dollar overnight. Share prices are lower in Asia and Europe. Equities dropped 0.5% in Hong Kong, 0.3% in New Zealand, and 0.2% in Singapore, South Korea, and India. Stocks […] More
Japanese Nikkei Plays Catch-Up after Holiday
September 19, 2017
As Japanese markets reopened following a 3-day holiday weekend, the Nikkei-225 leaped 390 points or 2.0%, moving back up the 20K level. But other stock markets did not follow suit. Equities elsewhere in the Pacific Rim closed down 0.5% in Singapore and Taiwan, 0.3% in Hong Kong, 0.2% in China and 0.1% in Australia, New […] 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
Weaker Australian and New Zealand Dollars
May 20, 2014
The U.S. currency is 0.7% stronger against the Aussie dollar and up 0.5% relative to the kiwi. The U.S. dollar otherwise is unchanged against the Swiss franc and Chinese yuan, 0.1% firmer verus the loonie and euro and 0.1% softer against the yen and sterling. Share prices fell 2.4% in Indonesia, 1.1% in Thailand where […] More
