Deeper Analysis
U.S. and Euroland Manufacturing Conditions Diverge
September 4, 2018
August saw the widest divergence that I can recall between U.S. factory conditions as measured by the ISM purchasing managers index and factory conditions in the euro area as measured by the IHS PMI. But there is a caveat. IHS also compiles a U.S. manufacturing PMI, and according to that measure, there was a deceleration […] More
New Overnight Developments Abroad - Daily Update
Dollar Beginning Autumn FX Trading Season on a Rising Note
September 4, 2018
With trade war fears still on the front burner, the dollar’s first post-Labor Day movement has been mostly upward especially against emerging market currencies. The dollar has climbed 2.1% against the South African rand, buoyed by confirmation of South Africa’s first recession since 2009. The greenback is also up 1.1% against the Mexican peso, 0.7% […] More
