World Bank

Chinese Price Data Dampen Market Risk Aversion

April 11, 2016

Chinese share prices recovered 1.6% after a tough week. Comex gold advanced 0.7% to $1,249.87, near a three-week high. West Texas Intermediate crude oil is trading at $39.55 per barrel, just a tad south of the $40 threshold. The 10-year British gilt yield rose four basis points to 1.40%.  German bunds and Japanese JGBs are […] More

Several Central Bank Rate Cuts and Data Surprises Lift Dollar

June 11, 2015

The U.S. dollar leaped 2.8% against its New Zealand counterpart and also rose overnight by 0.9% against the yen, 0.6% relative to the euro, 0.4% versus the loonie, Aussie dollar and sterling, and 0.3% vis-a-vis the Swiss franc.  Chinese officials held the yuan steady. The Reserve Bank of New Zealand’s Official Cash Rate was sliced […] More

A Weaker Euro but a Stronger Yen

January 14, 2015

The euro fell to a nine-year low of $1.1727.  The yen, in contrast, climbed as high as 116.64 per dollar and 137.0 per euro and is at present 0.8% above Tuesday’s closing level against the U.S. currency.  The dollar otherwise has risen 0.6% against the kiwi, 0.5% versus the Australian dollar, 0.2% vis-a-vis the loonie […] More

More Comments from Officials about Foreign Exchange Values

January 16, 2013

Outgoing EU President Jean-Claude Juncker complained that the euro’s rise posed risks to the Ezone economy. ECB Council member Nowotny said central bank officials aren’t worried about the stronger euro. Japanese Chief Cabinet Secretary Suga said the yen is correcting from previous strength and that officials are not purposely trying to resist the correction. Investors […] More