Foreign Exchange Insights and Next Week
Divergent Paths in the Internal and External Value of the Dollar
September 2, 2022
Domestic inflation measures shrinkage in the internal value of the dollar. As the general level of U.S. prices rises, a dollar commands less and less value in terms of the amount of goods or services that can be purchased with it. The higher inflation goes, the faster its internal purchasing power shrinks. The external value […] More
New Overnight Developments Abroad - Daily Update
U.S. August Employment Report Didn’t Change Monetary Policy Outlook
September 2, 2022
Each month, an estimate from ADP of private employment growth arrives two days before the highly anticipated U.S. Labor Department employment report. Sometimes, but not always as this month proved, the ADP provides early notice concerning the accuracy of street forecasts for employment growth. ADP had estimated only a 132k increase in U.S. private sector […] More
