Yellen, French Elections and Geopolitics Impacting Markets

April 10, 2017

Fed Chair Janet Yellen speaks later today at an event at the University of Michigan. St. Louis Fed District President Bullard is the latest Fed official to suggest that the Fed may end reinvestment of maturing bonds in its portfolio later this year and thus begin the slow process of reducing the size of its […] More

A Din of Unease

March 6, 2017

U.S. President Trump accused his predecessor of wiretapping his phone during the election campaign. Far right nationalist parties continue to augment their voter support in The Netherlands and France ahead of respective elections scheduled for March 15 and April 23rd. The CEO of the troubled┬áDeutsche Bank admitted it’s been going in the wrong direction and […] More

Commodities and European Stocks Rocked by More Selling Pressure

February 8, 2016

West Texas Intermediate oil fell 2% overnight to $30.20 per barrel.  Copper lost 2.6%, platinum plunged over 8.0%, and nickel hit a 12+ year low. Share prices in Europe are down 7.3% in Greece, 2.5% in Germany, 2.4% in Spain, 2.3% in France, 1.7% in the U.K. and 1.5% in Switzerland and Italy. In the […] More

Week Starts on a More Stable Footing

August 4, 2014

The dollar is unchanged against the euro, Swiss franc, Australian dollar, yuan and sterling.  The dollar is also 0.1% firmer against the yen, loonie and kiwi. The 10-year German bund yield rose a basis point, while its Japanese and British counterparts are a basis point lower.  A bailout of Portugal’s Banco Espinto Santo has been […] More

Several Japanese Indicators Released but Little Currency Movement this Monday

February 10, 2014

The dollar is unchanged against the euro, Swissie and loonie, up 0.4% against the Australian and New Zealand dollars, up 0.1% versus sterling and down 0.1% relative to the yuan and yen.  Emerging market currencies slid to start the week, including depreciations of 0.6% in the rand and 1.0% in Hungary’s forint. Share prices leaped […] More

U.S. Debt Talks Still Stalemated

October 7, 2013

Odds of a U.S. debt default are seemingly rising as the Tea Party wing of the House Republicans and the Democratically-controlled White House and Senate remain unflinching in their refusal to budge on the debt talks.  The government seems sure to stay partially shut through at least October 17.  Share prices weakened around the world […] More

Euro Hits some Bumps in the Road

February 4, 2013

The dollar has climbed 0.5% against the euro, 0.4% against the Swiss franc, and 0.1% versus the yen and yuan.  It is also down 0.3% against the Aussie dollar, 0.2% versus the kiwi and sterling, and 0.1% against the loonie. Spanish Prime Minister Rajoy, who meets with German Prime Minister Merkel today, is snared in […] More

Lots of Data Hardly Moved the Dollar

September 10, 2012

The dollar has edged up 0.1% against the yen, euro, Swissie, kiwi and sterling and is 0.1% lowr against the loonie and yuan.  The only meaningful change is the greenback’s 0.5% advance against the Australian dollar. There’s also been little movement in equities.  Japan’s Nikkei closed unchanged.  Share prices elsewhere in the Pacific Rim went […] More

Second Week of August Begins Quietly

August 6, 2012

The dollar rose 0.5% against sterling, fell 0.4% against the yen, and is otherwise pretty stable with upticks of 0.1% versus the euro, Swiss franc, kiwi, Aussie dollar and yuan but a 0.2% dip relative to the loonie.  Share prices remained upbeat in continuing reaction to Friday’s U.S. jobs report and to hope that a […] More

Euro Hits New 2012 Low against the Dollar

July 9, 2012

The dollar is 0.2% softer on balance against the euro and Swiss franc but earlier touched $1.2256.  Before the weekend on Friday, the common European currency got as weak as $1.2259, breaking below the prior 2012 low of $1.2289 set on June 1. The dollar has edged 0.1% lower against the yen but shows gains […] More