Daily Data Flow
Safe-Haven Yen Rises against the Dollar
The yen’s liquidity makes it an attractive safe-haven currency for investors. Indeed, the dollar fell today 0.1%, to 98.44 yen.
S&P Resumes Upward Trend
The S&P 500 Index rose 0.6% today to bring the index back to levels last seen in September, before the federal government’s shutdown.
Legal Bills Wipe out JPMorgan Chase’s Profits
For the first time under the tenure of long-time CEO Jamie Dimon, JPMorgan Chase posted a loss in the third quarter.
U.S. Regulators Probe Foreign Exchange Shenanigans
The Justice Department is investigating allegations of rate manipulation centered on the Swiss franc.
Stocks Rally with Debt Deal in Sight
The S&P 500 and the Dow Jones Industrial Average both closed up by 2.2% to mark the biggest increase for both since January 2, 2013.
China Advancing Reserve Currency Plan
The People’s Bank of China and the European Central Bank have reached a three-year agreement to exchange up to $60.8 billion in currency reserves.