U.S. GDP and PCE price deflator
Important U.S. Data Releases, Interest Rate Announcements in Euroland and Ukraine, and Mixed News Regarding AI
October 29, 2026
All things considered, financial market reactions to today’s heavy flow of information have been subdued. The dollar is 0.1% above Wednesday closing levels against the euro and yen and unchanged relative to the Canadian dollar and sterling. After plunging sharply at first following the inconclusive Israeli election result, the shekel has recovered and showing scant […] More
Clinging to the Possibility of Renewed Traffic Through the Strait of Hormuz
August 26, 2026
In two more days, the war between the United States and Iran will be seven months old in a conflict initially estimated to last five weeks at top. Seven months represents a sixth of the duration of U.S. participation in the second world war from Pearl Harbor to Hiroshima. There have been many elusive moments […] More
Dollar Continues Rising But Stocks and Sovereign Debt Yields Pause Ahead of U.S. Data Reports
March 13, 2026
The weighted dollar index climbed another 0.4% overnight, moving above 100.0 for first time since November 25. The Korean won briefly touched 1500, its weakest level since March 31, 2009 when the global financial crisis was still raging. Other dollar advances so far today include gains of 0.6% versus sterling, which touched a 3-month low […] More
U.S. GDP, PCE Price Deflator, and the Preliminary February Purchasing Manager Surveys Top Friday’s Menu
February 20, 2026
The dollar was narrowly mixed just prior to the eagerly awaited twin-bill of U.S. economic data releases, unchanged against the euro and loonie, 0.3% higher relative to New Zealand’s currency, 0.3% stronger against the Mexican peso, and 0.1% firmer relative to the yen and Swiss franc. Ten-year sovereign debt yields had fallen overnight by three […] More
Trump, Central Bank News & Plenty of Data Vying for Investors’ Attention
January 22, 2026
President Trump presented a much more compromising stance on Greenland at Davos than he had laid out prior to attending the conference. The resulting shift back into riskier assets that began yesterday carried into this Thursday’s session. On the central banking front, policy interest rates at the Bank of Norway and Bank Negara Malaysia were […] More
Favorable Nvidia Earnings, Revised U.S. GDP Data, and A Significant Court Ruling Against U.S. Tariff Policy
May 29, 2025
Nvidia’s first quarter earnings leaped over 70% year-on-year, crushing analyst expectations and eliciting a 5.4% pre-open jump in the AI computer chipmaker’s share price. A small revision to U.S. quarterly GDP growth last quarter from -0.3% at an annualized rate to -0.2% in the second of three planned estimates masks some sizable changes in the […] More
