U.S. durable goods orders

Bond Selloff Gathers Impetus

October 27, 2016

Investor caution has shifted from stocks to bonds. Dollar changes against currencies of other advanced economies have been limited. Several emerging market currencies — e.g. the rand and won — have depreciated. Economic data released today have generally accentuated the positive. The dollar lost 0.2% against the euro overnight and 0.1% relative to the loonie […] More

Dollar Buoyed by Strong U.S. Durable Goods Orders

August 26, 2015

U.S. durable goods orders, which had been projected flat or slightly lower, instead rose 2.0% in July on top of a 4.1% June advance.  Demand for non-defense, non-aircraft durables climbed 2.2% last month after a 1.4% increase in June.  A separate report revealed a 0.2% uptick last week in U.S. mortgage applications but a 3-basis […] More

Christmas Eve All Silent

December 24, 2013

Europe is now closed for the Christmas break, and trading desks in North America will shut early. Overnight movements in the dollar were minimal.  The greenback firmed 0.3% against the Swiss franc, 0.2% relative to the euro, and 0.1% against the yen and commodity-sensitive Canadian, Australian and New Zealand dollars.  Sterling edged 0.1% higher against […] More

New Frustrations over Global Growth

August 24, 2012

Share prices continue to be depressed by growth prospects in China, Europe, and the United States.  Investors wonder what central banks might do to promote activity.  The People’s Bank of China did not cut interest rates or reserve requirements overnight.  A key focus next week are the speeches at the Jackson Hole Symposium of Fed […] More

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