U.S. merchandise trade deficit
Investor Enthusiasm Pauses
December 28, 2023
Two opposing themes are vying for the attention of investors: 1) rising hopes that an initial interest rate cut by the Federal Reserve may be only a couple of months away and 2) mounting fear of a broader war in the Middle East. Yesterday’s equity rally in the United States extended into Asia where share […] More
Dollar Rallying Further, Stocks Fragile
April 27, 2022
The weighted DXY dollar index advanced another 0.4% overnight to its highest level since mid-March 2020 when the Covid pandemic was still a new phenomenon. The dollar rose 0.7% versus the Japanese yen, 0.5% against the euro, and 0.3% relative to the Swiss franc, but the U.S. currency has slid somewhat against the Australian and […] More
