Archive for May 27th, 2014

Deeper Analysis

Decent Batch of U.S. Data Released This Tuesday

May 27, 2014

Although in line with street expectations, the Conference Board gauge of May consumer confidence printed 1.3 points higher than in April, at the highest point in over a year, and indeed at the second best level since 2008.  The average level in April-May of 82.4 follows period averages of 80.0 in the first quarter and […] More

Central Bank Watch

Central Bank of Hungary

May 27, 2014

Monetary officials engineered a 22nd straight monthly cut of their benchmark interest rate, a 10 basis point reduction as was expected.  This was the third 10-bp cut, following two 15-bp reductions, 5 straight 20-bp cuts and a dozen 25-bps cuts.  Prior to August 2012, the key interest rate was at 7.0%, and now it is […] More

New Overnight Developments Abroad - Daily Update

Little Change in the Dollar Ahead of U.S. Data

May 27, 2014

The dollar was narrowly mixed overnight, with gains of 0.2% against the yuan and 0.1% relative to the kiwi, Swissie and sterling, no change versus the yen and euro and dips of 0.2% vis-a-vis the Australia and dollar and 0.1% relative to the Canadian dollar. There is a busy U.S. data release calendar this Tuesday, […] More