U.S. trade deficit

Equities Holding Friday-Monday Gains So Far

October 6, 2015

The dollar has lost 0.4% against the Australian dollar, 0.3% versus the euro, 0.2% vis-a-vis sterling, and 0.1% against the yen and Swissie.  The dollar edged 0.1% higher relative to the kiwi and yuan.  China’s currency has pulled ahead of the yen into fourth place among most used monies around the world. Japan’s Nikkei closed […] More

Spain Getting Another Dose of Fiscal Austerity

July 11, 2012

Spain’s government will implement its fourth package of fiscal austerity in the last seven months.  It will amount to EUR 65 billion, too much for social sustainability but insufficient to reach budget targets. The dollar fell overnight against commodity-sensitive currencies, dropping 0.8%, 0.7% and 0.4% relative to the Australian, New Zealand and Canadian dollars.  The […] More

The Dollar, Capital Flows, and U.S. Trade Deficit

February 15, 2012

Released data on the the U.S. trade balance each month and current account each quarter seldom evoke an immediate currency market response.  The balance of payments, a summary compilation of all transactions with foreigners must net to zero because of the double entry accounting convention that records each item twice but with opposite signs.  Portions […] More

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