Reserve Bank of India
Strengthening Case for the Federal Reserve to Lift Interest Rates
June 5, 2026
The U.S. Labor Department’s monthly employment situation report for May depicts a stronger labor market situation than realized. A 172k jump in nonfarm payroll jobs was more than double consensus expectations. In addition to upward revisions to the increases in March and April totaling 93k brings the latest three-month average to a robust 188k and […] More
Electrifying Market Reversals after 2-Week Ceasefire Deal Averts Destruction of Iranian Infrastructure
April 8, 2026
Although the evolution of the Middle East war beyond April 22 remains very uncertain, world financial markets sharply reversed prior trends, choosing to disregard the remaining hurdles that must be overcome to secure peace beyond the two-week ceasefire as well as immense supply disruptions that will be difficult to untangle. The extent of the major […] More
More of the Same: Gentle Dollar Down-Drift and Resilient Equities
December 5, 2025
Friday has seen several data releases but without meaningful impact on world financial markets as 2025 draws closer to its end. Prior to the release of U.S. personal income & consumption, consumer confidence, and the all-important PCE price deflator, the dollar was trading 0.1% lower against the euro, Swiss franc and on a weighted basis. […] More
Dollar Continues to Weaken as Trump Monopolizes News Feeds
August 6, 2025
Since late Tuesday, the dollar has fallen 0.4% against the euro, kiwi and on a weighted DXY basis. The greenback has also dropped 0.8% vis-a-vis the Mexican peso , 0.3% versus the Australian dollar and 0.2% relative to sterling, the Turkish lira and Canadian dollar. The SPX, DOW and Nasdaq have risen around 0.5%, but […] More
Central Bank Rate Cuts in India and News Zealand
April 9, 2025
Central bank officials in India and New Zealand, in widely expected moves, cut their key interest rates by 25 basis points today. The Reserve Bank of India‘s unanimously decided repo rate reduction to 6.0% followed a similar cut made at the prior February meeting and a two-year period before that with the rate maintained at […] More
Back to Panic Mode as U.S. Reciprocal Tariffs Take Effect and China Strikes Back
April 9, 2025
The U.S. tariff on China is now 104%, and China’s government has answered with an 84% levy on imports of U.S. goods. An editorial in yesterday’s NYT by University of Chicago economics professor Brent Neiman, whose collaborated work with three other economists had been cited by the U.S. Trade Representative office as one basis for […] More
Awaiting U.S. Labor Market Figures for January
February 7, 2025
The dollar is standing firm ahead of this morning’s release by the Labor Dept of last month’s jobless rate, growth in employment, and wage inflation. The greenback rose overnight by 0.3% against the yen and Swissy, 0.2% versus the euro and loonie, and 0.1% relative to the Australian and New Zealand currencies. Sterling is unchanged. […] More
Extreme Stock Market Volatility in China, Central Bank News in New Zealand, India and the U.S., and Historic Storm Front Heading for Florida
October 9, 2024
The Shanghai Composite equity index tumbled 6.6% today, more than reversing yesterday’s 4.6% advance. China’s finance minister reportedly will announce a set of fiscal stimulus measures on October 12, but investors doubt such will amount to what that economy currently needs. The Reserve Bank of New Zealand’s Official Cash Rate was cut at today’s scheduled […] More
Market Funk Returns
August 8, 2024
Investors continue to fret over how close the U.S. economy might be to stumbling into a recession. A disappointing auction of 10-year Treasury notes didn’t help, nor did the news of fires in the West and drenching rain along the Eastern Seaboard. Now markets eagerly await this morning’s release of weekly jobless insurance claims, which […] More
Monetary Policy Announcements from India and Russia and Awaiting U.S. Jobs Report
June 7, 2024
The dollar marked time overnight and is currently unchanged against the euro and Swissy, down 0.1% relative to sterling and the yen but up 0.1% vis-a-vis the Canadian and Australian dollars. The Mexican peso extended yesterday’s rebound. U.S. stock futures are steady. Overseas, share prices closed down 1.0% in New Zealand, 1.1% in Indonesia, 0.6% […] More
