Deeper Analysis
Mexico’s Contribution to U.S. Trade Imbalance
March 7, 2017
Merchandise trade between the United States and its southern neighbor has become a central policy priority of the Trump administration. U.S. companies have been accused of exporting jobs to Mexico where labor is cheaper. A second complaint is that Mexico allegedly engages in unfair trade practices, and a third is that income earned by legal […] More
Central Bank Watch
Australian Official Cash Rate Left Unchanged at 1.50%
March 7, 2017
The Reserve Bank of Australia’s Board retained a record low 1.50% official cash rate at this month’s policy meeting. A released statement is pretty upbeat, observing an improved global economy, quite low inflation with subdued wages, regionally mixed housing market conditions, and higher world commodity prices that are lifting Australian incomes. A gradual rise of […] More
New Overnight Developments Abroad - Daily Update
Dollar Mostly Higher but Only Slightly So
March 7, 2017
The dollar shows overnight gains of 0.3% against the Swiss franc and sterling, 0.2% relative to the kiwi, and 0.1% vis-a-vis the yen, loonie and euro. The dollar fell 0.5% against the peso and 0.2% versus the Australian currency. The yuan is steady after unexpected news that Chinese international reserves, which in January dipped under […] More
