U.S. factory orders
U.S. August Employment Report Didn’t Change Monetary Policy Outlook
September 2, 2022
Each month, an estimate from ADP of private employment growth arrives two days before the highly anticipated U.S. Labor Department employment report. Sometimes, but not always as this month proved, the ADP provides early notice concerning the accuracy of street forecasts for employment growth. ADP had estimated only a 132k increase in U.S. private sector […] More
China’s Central Bank to the Rescue
February 4, 2020
Stock markets around the world rebounded sharply after the People’s Bank of China ease its monetary stance to counter the growth impact of the coronavirus epidemic, where cases now exceed 20k and include over 425 deaths. The PBOC on Monday reverse repo rates by 10 basis points and injected CNY 1.2 trillion of liquidity. That […] More
Dollar Firms a Bit
February 4, 2019
Several markets including China, Hong Kong, Taiwan, South Korea and Singapore are shut for the Lunar New Year holiday. Half the U.S. government shutdown reprieve has been spent, and still there is no agreement. U.S./Chinese trade talks are another continuing source of uncertainty. The dollar is 0.2-0.4% firmer against the euro, Swiss franc, loonie, Aussie […] More
Softer Dollar… No Respite from Trade War Threat
July 3, 2018
A left-leaning candidate and critic of U.S. President Trump, Andrea Manuel Lopez Obrador, scored a huge win in Mexico’s presidential election with a majority 53% of the popular vote. Terms are for six years. The peso rallied on the news. A U.S. sanction-enforced program against Iran has WTI oil trading above $75.0 per barrel for […] More
Dollar Strengthens and U.S. Stocks Extend Rally
December 4, 2017
The mounting likelihood of a huge U.S. tax cut is dominating world financial markets. The possibility of a federal government shutdown on Friday is not impacting. Sterling has also been in demand, aided by more constructive Brexit discussions. Overnight dollar gains amount to 1.1% against the kiwi, 0.9% relative to the Swiss franc, 0.6% vis-a-vis […] More
Stronger Australian Dollar
August 4, 2015
The U.S. currency fell 1.8% against the Australian dollar but just 0.5% versus the kiwi and yen, 0.3% relative to the euro and 0.1% vis-a-vis sterling. The dollar is up 0.4% against the loonie and 0.1% relative to the Swiss franc, and it is holding steady versus the yuan. The Shanghai Composite stock index rose […] More
