Archive for April 3rd, 2017

Deeper Analysis

U.S. and Euroland Factory March PMIs Respectively Fell and Rose

April 3, 2017

The U.S. manufacturing PMI level exceeded its euro area counterpart for a third straight month in March. However, all but 0.2 points of a 1.5-point widening of the spread between the two indices seen in February was reversed in March. EUR/USD had similar averages in the two adjacent months. The U.S. PMI was depressed by […] More

New Overnight Developments Abroad - Daily Update

Japanese Tankan and a Slew of Manufacturing PMIs Reported

April 3, 2017

The dollar gained over 1% further against the South African Rand and rose 0.6% overnight versus the kiwi. Other dollar advances thus far today amount to 0.4% relative to the loonie, 0.2% vis-a-vis sterling, and 0.1% against the euro, peso and Swiss franc. China is closed for the Ching Ming Festival and will remain shut […] More

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