11 January, 2017 by The TZ Newswire Staff Comments Off on USD/JPY slipping to session lows
USD/JPY slipping to session lows
The USD is weaker pretty much across the board
The US 2yr yield had managed to claw some if its overnight drop back, but its fallen away a little in the past hour or so again.
11 January, 2017 by The TZ Newswire Staff Comments Off on Metals Markets Update for Jan. 11
Metals Markets Update for Jan. 11
USD 1,187.55, GBP 979.25 & EUR 1,128.41 per ounce; USD 16.79, GBP 13.84 & EUR 15.96 per ounce
11 January, 2017 by The TZ Newswire Staff Comments Off on USD/JPY down but not out as Trump spooks markets
USD/JPY down but not out as Trump spooks markets
So, Donald Trump finally spoke and down went stocks and the dollar. Shares of biotech stocks took a hit after the President-elect signalled that his U.S. government would negotiate aggressively on the price it pays for drugs. The U.S. dollar/Japanese yen currency pair, which tends to correlate positively with stocks, slumped.
11 January, 2017 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.9141 (vs. yesterday at 6.9235)
PBOC sets USD/CNY central rate at 6.9141 (vs. yesterday at 6.9235)
The USD took a trump trip lower overnight, PBOC reflecting USD weakness in the reference rate setting today … a restrained CNY revaluation though
In OMOs:
11 January, 2017 by The TZ Newswire Staff Comments Off on Indian foreign minister threatens to expel Amazon workers
Indian foreign minister threatens to expel Amazon workers
This happened after it was discovered that the Canadian arm of Amazon was selling doormats with the Indian flag, the FT reports.
11 January, 2017 by The TZ Newswire Staff Comments Off on 2017: The Year When The World Economy Starts Coming Apart
2017: The Year When The World Economy Starts Coming Apart
Submitted by Gail Tverberg via Our Finite World blog,
Some people would argue that 2016 was the year that the world economy started to come apart, with the passage of Brexit and the election of Donald Trump. Whether or not the “coming apart” process started in 2016, in my opinion we are going to see many more steps in this direction in 2017. Let me explain a few of the things I see.
