Archive for September 1st, 2020

Deeper Analysis

Recent See-Saw Pattern in Spread between U.S. and Euroland Manufacturing PMIs

September 1, 2020

The ISM-compiled U.S. manufacturing purchasing managers index rose 1.8 index points to a 19-month high of 56.0 in August and easily beat analyst expectations. Euroland’s IHS-compiled manufacturing PMI, by contrast, dipped 0.1 point to a 2-month low of 51.7. The spread between those two data series thus shifted 1.9 points more advantageously toward the United […] More

New Overnight Developments Abroad - Daily Update

Dollar Loses More Ground as Trump’s Reelection Prospects Improve

September 1, 2020

On the heels of a weak performance in August, the dollar fell another 0.8% against sterling overnight and also lost 0.5% relative to the euro, kiwi, and peso, 0.4% versus the yuan, 0.3% vis-a-vis the loonie, and 0.1% against the yen and Australian dollar. It also costs more dollars today than yesterday to buy commodities […] More