Archive for November 2nd, 2015

Foreign Exchange Insights and Next Week

Dollar Affected by Diverging Monetary Policy Stances

November 2, 2015

Quite a few central banks will be holding interest rate policy meetings this week.  These include the Reserve Bank of Australia, which also releases a new quarterly policy statement and the Bank of England, whose meeting coincides with its quarterly Inflation Report.  The list also includes central banks in Iceland, Thailand, Poland, Norway, Malaysia, the […] More

Deeper Analysis

Euroland’s Manufacturing PMI Advantage Widened Marginally in October

November 2, 2015

In October, Euroland’s manufacturing purchasing managers index rose 0.3 points to 52.3, a two-month high, while the U.S. PMI dipped 0.1 to 50.1, a 29-month low.  Euroland’s 2.2-point advantage was the greatest since early 2014.  Manufacturing tends to be strongly influenced by exchange rate movement.  For the past six months, the euro has maintained a steady […] More

New Overnight Developments Abroad - Daily Update

Parade of Factory Purchasing Manager Surveys Yields Mixed Results for October

November 2, 2015

Today is the first business day of November and the beginning of standard time in North America.  Many European countries observed All Saints Day on Sunday, and Japan celebrates Culture Day tomorrow. Share prices fell 1.7% in China, 2.1% in Japan, 1.4% in Australia, 1.1% in Hong Hong, 0.8% in Singapore and 0.4% in India. […] More