U.S. consumer prices
Dollar Slips and Equities Rise Ahead of Release of U.S. CPI Data
August 10, 2023
The dollar dropped overnight by 0.6% against the Aussie dollar, 0.5% versus the euro and Swiss franc, 0.4% relative to sterling and 0.1% vis-a-vis the Canadian dollar. One currency against which the dollar strengthened was the Russian ruble, which dropped 0.8%, touching the softest level (98.006/USD) since the onset of the war in Ukraine. U.S. […] More
Softer Dollar Ahead of U.S. CPI Release
June 13, 2023
The dollar in overnight trading lost 0.5% against sterling, 0.4% versus the euro and Aussie dollar, and 0.3% relative to the Swiss franc. Alternatively, the dollar touched a fresh record high of 24.106 Turkish lira but subsequently unwound the incremental gain and a tad more. Much is riding on today’s U.S. CPI figures, which analysts […] More
Great Relief When U.S. CPI Fails to Exceed Expectations
March 14, 2023
The U.S. consumer price report for February was actually not entirely encouraging. But after a strong of worse-than-expected price news, the 6.0% year-on-year rise of total consumer prices matched expectations and represented the eighth decline in a rose from 6.4% in January and 9.1% last June. That was enough to send U.S. stock futures up […] More
Euroland & Japanese GDP Released Before U.S. Consumer Prices
February 14, 2023
On this significant data release day, investors already have perused fourth-quarter GDP figures for many economies, British labor market statistics, and Swiss and Indian producer prices. Now they await the January U.S. CPI report. In financial market action, the dollar fell overnight by 0.6% against sterling, 0.4% versus the euro, 0.3% relative to the Australian […] More
Data Release Menu Today Dominated by Inflation and Industrial Production
November 10, 2022
Ahead of the U.S. October consumer price data release, the dollar had risen overnight by 0.6% against the euro and 0.3% relative to the Swiss franc and Australian dollar. But drops of 0.4% against sterling and 0.2% versus the Japanese yen and Mexican peso held the weighted DXY dollar index’s gain to 0.3%. Ten-year sovereign […] More
ECB Surprise, a Diplomatic Failure, and Many Price Data Releases
March 10, 2022
In light of risks posed by Russia’s invasion of Ukraine, today’s European Central Bank policy review was not expected to push ahead with its QE exiting strategy, but in fact the pace of the phase-out of asset purchase program bond buying was stepped up: EUR 40 billion will be bought next month, then EUR 30 […] More
Covid-Related Setbacks in European Confidence, a Smaller Chinese Trade Surplus, and Another Day for Barrett Confirmation Hearings
October 13, 2020
Some risk aversion has returned to Europe. In many countries there, lockdown restrictions against Covid-19 have had to be tightened. And data reports out today reflect rising concern. For example, the ZEW expectations index of financial investor confidence toward Germany suffered a big setback this month, dropping to a five-month low of 56.1 from September’s […] More
This Year’s 9-11 Anniversary Finds America in Even Worse Condition than 19 Years Ago
September 11, 2020
The United States suffered its worst military attack since Pearl Harbor on September 11, 2001, a solemn occasion that on each ensuing anniversary has become a sacred moment of remembrance. By late 1960, nineteen years after Pearl Harbor. America was king of the world. After an equal span of time, September 11, 2020 finds the […] More
Lower Dollar Ahead of FOMC Release
June 10, 2020
The Federal Open Market Committee reviewed U.S. monetary policy yesterday and today and will release a statement at 14:00 EDT (18:00 GMT) and updated forecasts. These will be followed by Chairman Powell’s press conference at 14:30. The 0-0.25% federal funds target will not be changed, but the forecasts, which ordinarily are revised quarterly, will be […] More
Policies Driving Currency Markets as More Evidence Emerges of Slower Global Growth
February 13, 2019
Industrial Production in the euro area fell 0.9% in December, more than double the expected slide after a 1.7% drop recorded in November. This resulted in a 4.2% 12-month rate of decline, the biggest on-year contraction since November of 20o9. December output among the common currency bloc’s five largest economies fell from end-2017 levels by […] More
