Archive for October 5th, 2015

Deeper Analysis

U.S.-Minus-Eurozone Purchasing Managers Differential Narrowed Further in September

October 5, 2015

The ISM-compiled U.S. non-manufacturing PMI reading fell 2.1 points last month to a 3-month low of 56.9.  Euroland’s services PMI dropped by a lesser 0.7 points to 53.7.  A spread between those two results of 3.2 points was the smallest in three months.  The manufacturing PMI spread reported last week favored the eurozone by a […] More

New Overnight Developments Abroad - Daily Update

Commodity-Sensitive Currencies Firmer this Monday

October 5, 2015

The U.S. dollar declined overnight by 1.0%, 0.6% and 0.5% against the New Zealand, Australian and Canadian dollars.  The dollar, in contrast firmed 0.3% against the Swiss franc, 0.2% versus the yen and 0.1% relative to the euro.  Sterling and the yuan are unchanged. Following Friday’s very volatile post-jobs swings in U.S. equities, share prices […] More