Deeper Analysis
America’s Manufacturing Advantage against Euroland Widened Last Month
January 3, 2012
The pace of expansion in U.S. manufacturing activity strengthened in December to an 8-month high. The purchasing managers index advanced 1.2 points to 53.9, 3.9 points above the break-even line of 50. Every reading since August 2009 has exceeded that threshold. In the euro area, by comparison, December saw a sub-50 PMI reading for a […] More
New Overnight Developments Abroad - Daily Update
Euro Back Above $1.3000
January 3, 2012
The dollar is softer across the board amid cautiously better risk appetite. Of particular note, the euro firmed another 0.9% overnight, hitting a high of $1.3058 versus last Thursday’s 2011 low of $1.2856. The greenback also fell overnight by 1.2% against the Australian and New Zealand dollars, 1.0% relative to the loonie, 0.8% versus the […] More
