Firm Dollar at the Start of a Week with Many Potential Market-Moving U.S. Data Releases August 11, 2025 (179) Compared to the close of U.S. trading before the weekend, the dollar has advanced by 0.6% against the Swiss franc, 0.5% on a weighted basis and versus the New Zealand dollar, 0.4% relative to the euro…
Gold, Oil, Dollar and Stocks Up, but Bond Prices and Bitcoin Down August 8, 2025 Gold rose 0.8% overnight as gold bar imports were added to the reciprocal tariff list. The price of WTI oil firmed 0.5%, whereas Bitcoin’s cost slipped by 0.5%. U.S. stock markets opened moderately higher in contrast to declines of other…
Bank of England Struggles to Find Policy Consensus August 7, 2025 On the Bank of England’s Monetary Policy Committee, officials are grappling with a recent reacceleration of inflation but also sluggish growth and higher unemployment. The Committee initially split 4-4-1 with a four-person minority including the bank’s chief economist favoring no change in the former…
Many Data Releases and Central Bank Interest Rate Announcements August 7, 2025 Reciprocal tariffs became effective today. The scale of their increase is profound, and reactions in America to the new tax are extremely polarized and aligned with political affiliations. For Trump supporters, today is a great day, heralding a large new source of fiscal…
Dollar Continues to Weaken as Trump Monopolizes News Feeds August 6, 2025 Since late Tuesday, the dollar has fallen 0.4% against the euro, kiwi and on a weighted DXY basis. The greenback has also dropped 0.8% vis-a-vis the Mexican peso , 0.3% versus the Australian dollar and 0.2% relative to sterling, the Turkish lira and…
Monday’s Equity Rebound Extended Into Asia and Europe but Has Stalled in the United States August 5, 2025 Concepts like democracy, rule of law and autocracy get thrown around so much these days that there is a risk that the comparison loses significance. When assessing a developed economy’s future potential, past experience strongly suggests that…
Dollar Stays Weak, but Equities Rebound Following Friday’s Selloff August 4, 2025 (180) Dollar losses last week were extended this Monday by 0.4% against the Mexican peso and Korean won, 0.2% versus the yen and sterling and 0.1% compared to the Canadian dollar. The euro is steady, and the Swiss franc has risen 0.5%. All…
Perfect Storm: Tariff D-Day, U.S. Labor Market Shocker and A Lot of Other Data to Digest August 1, 2025 It’s been a bad day for the dollar and equities. The weighted DXY dollar index has sunk 1.2%, led by 1.3% drops against the euro and Japanese yen and a 1.0% drop against the Swiss franc…
Japanese Yen Weakens Broadly and Crosses 150 per Dollar Threshold July 31, 2025 The Japanese yen fell 0.7% overnight into this morning against the dollar, which otherwise declined by 0.3% against the euro and Swiss franc, 0.2% relative to sterling and 0.1% versus the Australian and New Zealand currencies. The yen got as low as…
Federal Open Market Committee Left Interest Rate Target Unchanged after 9-2 Vote July 30, 2025 This week’s FOMC meeting revised the characterization of recent economic activity from “a solid pace” to having “moderated during the first half of the year.” Characterizations of the labor market (a low jobless rate and solid conditions otherwise) and of…