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Non-Manufacturing Activity in the U.S. and Euro Area
January 5, 2017
The U.S. non-manufacturing purchasing managers index remained flat at 57.2 in December. Not since October 2015 has the NMI been higher than this level. In December, a 4.6-point improvement in the sub-index for new business to 61.6 was counterbalanced with a 4.4-point drop in jobs to a reading of 53.8. Along with today’s smaller-than-forecast ADP estimate […] More
New Overnight Developments Abroad - Daily Update
Dollar Drops Against Yen, Yuan and Peso
January 5, 2017
The dollar fell overnight by 1.3% against the Mexican peso, 0.7% relative to the Japanese yen and 0.6% vis-a-vis the Chinese yuan. The U.S. currency also lost 0.2% to the Swiss franc and 0.1% versus the euro, loonie and Australian dollar but rose 0.3% against sterling and 0.1% relative to the kiwi. Share prices climbed […] More
