Dollar Kicks Off A New Quarter With Another Decline July 1, 2025 The weighted DXY dollar index slipped 0.4% overnight to a fresh 3-1/2-year low. The dollar lost 0.8% to the yen and Aussie dollar, 0.6% against the Swiss franc, 0.4% against sterling and 0.2% relative to the euro, which at $1.1809 currently is very…
June and Second Quarter 2025 in Figures June 30, 2025 The dollar weakened sharply against most other currencies during the second quarter, including in the final month of June. The advance in U.S, equities outperformed stock markets in most other currencies in both time comparisons. A rise in the 10-year U.S. Treasury yield in April-May…
Quarter-End Ushers in Crunch Time for U.S. Budget Bill and Trade Talks as Well as A Flood of Data June 30, 2025 It’s do-or-die time for President Trump’s big beautiful budget tax and spending bill, and the July 9th deadline for bilateral trade deals that would greatly scale back threatened huge reciprocal tariffs is just…
Consumer confidence in the Philippines dropped to -14 in the second quarter of 2025, down from -13 in the previous quarter. This decline signals the lowest level of consumer confidence since the third quarter of 2024, primarily attributed to rising inflation, reduced family income, and limited job opportunities. Among the various components, respondents exhibited greater…
Here, There and Everywhere June 26, 2025 President Trump is back in Washington from the NATO summit in The Hague after receiving wide praise there from other attendees for achieving a cease fire between Israel and Iran, getting European nations to ante up more spending for the common defense, and setting the stage for renewed…
Iron ore futures fell to approximately CNY 700 per tonne on Thursday, reaching a one-week low as the supply from leading exporters increased. Shipments to China by top producers Australia and Brazil reached 30.1 million tonnes last week, marking the highest weekly total of the year thus far, based on industry statistics. Brazilian mining company…
Pausing While Watching Middle East and Awaiting Second Round of Powell Testimony June 25, 2025 A fragile truce in the Iran-Israeli military conflict is mostly holding. Today is day two of a three-day NATO summit in The Hague. Agreement on a sharp increase in defense spending heads the agenda. In the wake of Middle Eastern…
Next Week’s Menu: June 21-27, 2025 June 20, 2025 Central Banks: Monetary policy reviews are scheduled in the Czech Republic, Mexico, Thailand, Morocco, and Hungary. Fed officials with public speaking engagements include Powell, Barkin, Barr, Williams, Cook, Hammack and Waller. Several Bank of England policymakers will be doing so as well. Special Events: The aforementioned…
Price Data and U.S. Policy Opacity June 20, 2025 U.S. policies in a variety of areas have become less clear. The Trump administration is keeping the numbers on immigrant round-ups and deportations close to the vest. Business owners have become more vocal about the havoc to business operations that ICE activity is producing. Whether or…
25-Basis Point Central Bank Interest Rate Cuts in the Philippines and Norway June 19, 2025 The Central Bank of the Philippines’ policy interest rate was cut today by 25 basis points to 5.25%, a 30-month low. This move was the fifth quarter percentage point drop since last August. Consumer price inflation of 1.3% last month…