Archive for July 2nd, 2018

Foreign Exchange Insights and Next Week

Dollar at Mid-2018

July 2, 2018

Unlike several past eras, the dollar is not currently experiencing a multiyear directional bias. Against other currencies monitored regularly on this web site, the U.S. currency rose in more instances than it fell during 2016. It depreciated in all instances last year but climbed, except against the yen, during the first half of 2018. To […] More

Deeper Analysis

U.S. Advantage Versus Euroland Swelled Last Month in Manufacturing

July 2, 2018

A 5.3-point differential in June between theĀ ISM-compiled U.S. manufacturing purchasing managers index and the IHS-compiled euro area manufacturing PMI represented the widest U.S. advantage in 43 months and was 2.1 points greater than the spread in May. The U.S. PMI score of 60.2 was at a 4-month high, while Euroland’s 55.4 reading constituted the slowest […] More

New Overnight Developments Abroad - Daily Update

Third Quarter Begins with Dramatic Dollar Appreciation and Stock Market Losses

July 2, 2018

The dollar strengthened 1.1% versus the peso and kiwi, 0.8% relative to the yuan and Australian dollar, 0.7% against the euro and sterling, 0.6% vis-a-vis the Swiss franc, 0.4% against the loonie but just 0.1% versus the yen. Share prices slumped 2.5% in China, 2.4% in South Korea, and 2.2% in Japan as well as […] More