Deeper Analysis
May in Figures
May 31, 2016
In May, long-term interest rates fell. On the monetary policy front, confidence climbed that the Federal funds rate would be raised before much longer, while speculation grew that more stimulus would be forthcoming in Japan and possibly the eurozone. An appreciation of the dollar and oil prices was balanced by a decline in gold. Most […] More
New Overnight Developments Abroad - Daily Update
Typical Deluge of Data as Another Month Ends
May 31, 2016
Market Highlights: The U.S. dollar dropped 1.1% and 0.9% against the Australian and New Zealand dollars on encouraging economic statistics released today. Against other major currencies, the U. S. dollar is narrowly mixed but poised to record a very strong monthly advance. The Shanghai Composite index of Chinese share prices leaped 3.3%. The cause was […] More
