service sector purchasing manager indices
Little Overnight Change in Dollar as Long-Term Rates Rise Further
February 3, 2021
Aside from declines of 0.6% and 0.3% against the New Zealand and Australian dollars, the U.S. currency’s net overnight movements have been minuscule including zero change versus the yen and yuan and upticks of 0.2% relative to the euro and a 0.1% versus the Swiss franc and sterling. Ten-year sovereign debt yields increased two basis […] More
Dollar’s Losses Extended Overnight
December 3, 2020
Compared to Wednesday closing levels, the dollar has weakened 0.7% against sterling, 0.5% versus the Swiss franc and Mexican peso, 0.4% relative to the euro and yen, 0.3% vis-a-vis the Australian dollar, 0.2% against the yuan and kiwi, and 0.1% versus the Canadian dollar. One currency that fell against the dollar has been the beleaguered […] More
Steady Dollar with U.S. Markets Closed
July 3, 2020
The United States Independence Day holiday weekend kicked off today, and without the leadership of a U.S. trading session, overnight movements in the dollar were suppressed. The greenback is unchanged against the yen, euro and yuan, up 0.1% against the Swiss franc and sterling and down 0.3% versus the Aussie dollar, 0.2% relative to the […] More
Share Prices Rise on Primary Results and Another Active Day on Central Banking Front
March 4, 2020
Share prices have climbed in Europe by at least 1.4% in Germany, Spain, Italy, Switzerland, the U.K. and France. U.S. futures are higher too. The contest to decide the Democratic Party’s presidential nominee has revealed sharp regional, generational, ethnic divisions in the party. Biden won the South including Texas and Midwest; Sanders captured California, Colorado […] More
Dollar Eased but Share Prices and Sovereign Debt Yields Rose Overnight
April 3, 2019
The dollar slipped 0.4% against the euro and 0.2% relative to the yen, loonie, yuan, and Swiss franc. Larger dollar drops of 0.8% and 0.6% occurred versus the Australian and New Zealand dollars, and a 0.1% uptick happened versus the yen. Share prices in the Pacific Rim strengthened 1.2% in China, Hong Kong and South […] More
Ahead of the Yellen Speech
March 3, 2017
A slew of Fed officials have put a March interest rate hike firmly in play. Later today, both Vice Chair Fisher and Chair Yellen speak. There have been times before when the rest of the FOMC rhetorically seemed ahead of Yellen in itching to raise rates, but that seems unlikely in this instance. In fact, […] More
Fasten Your Seatbelts
January 6, 2016
Having gotten off to a bad start in 2016, global financial markets were desperately in need of some good economic data and other news. The service sector purchasing managers surveys for December failed to deliver, but that’s only one element of today’s multiple doses of disturbing news. The Chinese yuan was fixed significantly lower against […] More
Commodity-Sensitive Currencies Firmer this Monday
October 5, 2015
The U.S. dollar declined overnight by 1.0%, 0.6% and 0.5% against the New Zealand, Australian and Canadian dollars. The dollar, in contrast firmed 0.3% against the Swiss franc, 0.2% versus the yen and 0.1% relative to the euro. Sterling and the yuan are unchanged. Following Friday’s very volatile post-jobs swings in U.S. equities, share prices […] More
Smallest U.S. Service Sector Advantage against Euroland since July 2011
October 3, 2013
The U.S. non-manufacturing purchasing managers index fell 4.2 points to a 3-month low and was three points weaker than forecast for the month of September. The euro area PMI, in contrast, climbed 1.5 points to a 27-month high of 52.2 and surpassed original market expectations by a full point. As a result of these divergences, […] More
U.S., Euro Area and British Service-Sector Purchasing Managers Survey Results
March 5, 2013
The U.S.-minus-Ezone service-sector PMI differential widened 1.5 points to a 3-month high of 8.1 points in February. The U.S. index climbed 0.8 points to a 12-month high of 56.0, whereas Euroland’s PMI fell 0.7 points to a 2-month low of 47.9. The latter has been below the 50 expansion-or-contraction line of demarcation for thirteen straight […] More
