Archive for May 31st, 2021

Deeper Analysis

May 2021 in Figures

May 31, 2021

Commodity prices and many commodity-sensitive currencies performed well during May. The weighted dollar index depreciated 1.2%, squandering all of its rise from the first four months of 2021, and dollar losses in May amounted to 1.5% or more against six of the eight currencies featured in the table below. Although central bank policy interest rates […] More

New Overnight Developments Abroad - Daily Update

Active Day for Data Releases; U.S. Markets Closed for Memorial Day

May 31, 2021

First-quarter GDP data were reported by several countries. Turkish GDP advanced 1.7% on quarter. This was the third consecutive quarter of positive growth following an 11.0% plunge in the second quarter of 2020, and it lifted the year-on-year growth rate to a 3-year high of 7.0%, exceeding analyst expectations. A 0.9% recovery of the beleaguered […] More