Euroland construction PMI
Dollar Gives Back Part of Monday’s Sharp Gain against the Yuan
August 6, 2019
The yuan yesterday had slumped to 7.0525 per dollar, its weakest level since May 2008. In response, the U.S. Treasury released a protest, labeling Beijing a “currency manipulator.” This is the first such designation since 1994. By law, the Treasury reviews the currency policies of foreign governments every six months. The most recent review was […] More
Independence Day 2018
July 4, 2019
Financial markets this Thursday barely moved in the absence of U.S. participation. A few more purchasing managers surveys from June were reported. The global composite PMI stayed at May’s three-year low level. The global services PMI recovered 0.3 points to 51.9 from May’s 33-month low. Hong Kong’s private manufacturing PMI signaled a contractionary trend for […] More
U.S. Trade Deficit Catapults Higher Despite Tariff Policy
March 6, 2019
The U.S. goods and services trade deficit soared to a 122-month high in December of $59.8 billion. That was 18.8% greater than November’s deficit and embodied an $81.5 billion deficit from traded goods. The 2018 goods and services trade deficit equaled $621.0 billion, compared to $552.3 billion in 2017 and $502.0 billion in the last […] More
