U.S. personal consumption and income
Many Data to Absorb on Final Day of Second Quarter
June 30, 2023
It’s been a good Friday for equities, which closed up by 1.3% in India and 0.6% in China and South Korea. A sharper-than-forecast 1.6% drop of Japanese industrial production in May left the Nikkei with a 0.1% downtick, and Hong Kong’s Hang Seng index also slipped 0.1% on the day. However, share prices are showing […] More
Dollar Ending Week on an Up-Note But Euro Steady
March 26, 2021
The dollar overnight appreciated another 0.35% on a trade weighted basis, but strength wasn’t even this time. The dollar rose 0.6% against the yen and 1.0% relative to the Turkish lira. The key EUR/USD relationship is unchanged, and the greenback has slipped 0.4% versus the New Zealand and Australian dollars, 0.3% vis-a-vis the Canadian dollar […] More
Exhausting Barrage of Data and Developments on Final Day of July
July 31, 2018
The dollar recovered 0.4% against the yen while sliding 0.3% relative to the euro and Australian dollar, 0.2% versus sterling and 0.1% vis-a-vis the loonie and Swiss franc. The Bank of Japan changed the policy framework only marginally, which allowed the worried JGB market to settle down and the 10-year yield to slide back four […] More
