Foreign Exchange Insights and Next Week
Next Week
September 1, 2017
Central Bank Beat: Monetary policy meetings at the ECB and in Sweden, Australia, Canada, Brazil, Poland, Malaysia, and Serbia. Fed Beige Book of regional economic conditions will be published. Fed officials with public speaking engagements included Mester, Kashkari, Harker, Brainard, and Kaplan. Mario Draghi will oversee a press conference on Thursday. Holidays: U.S. and Canadian […] More
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Biggest U.S. Manufacturing Growth Advantage Versus Euro Area in a Half Year
September 1, 2017
The U.S. manufacturing purchasing managers index jumped 2.5 points in August to a 76-month high of 58.8. That increase was three times greater than the 0.8-point rise of Euroland’s manufacturing PMI to a 2-month high of 57.4, resulting in a 1.7-point U.S.-minus-Euroland PMI spread to 1.4 points. That spread is the most U.S.-advantageous since February. […] More
New Overnight Developments Abroad - Daily Update
Factory PMIs Released and High Hopes Regarding U.S. Jobs Report
September 1, 2017
Narrow net changes in the dollar (+/- 0.2%) characterize most key relationships. A 0.5% rise of the yuan is an exception. Solid gains in European stocks can be seen, including 0.9% in France, 0.8% in Germany, 0.6% in Italy and 0.3% in Great Britain. Indian, Chinese and Japanese stock markets rose by 0.7%, 0.2% and […] More
