Archive for January 3rd, 2012

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