by Julian Benson | Jul 10, 2023
Late last week economists heard industrial production declined by 0.2% month-over-month in May 2023 to their surprise. This deviated from the market forecasts of a flat reading and followed April’s 0.3% rise.
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by Julian Benson | Jul 10, 2023
Late last week economists heard US stocks plummeted on Friday as the US economy added 209,000 jobs, while the unemployment rate fell back to 3.6% and wage growth was steady. However, traders are 95% sure that July will bring a 25 basis-point hike from the Federal...
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by Charles Purdy | Jul 10, 2023
The pound moved up close to its strongest position for close to a year against the euro last week, before falling away a little. However, it remains well above the five year average and 3 to 4% stronger than in the spring. Why not lock that in with a forward contract?...
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by Charles Purdy | Jul 7, 2023
Business optimism in the US remained high last month, with the ISM Services PMI unexpectedly leaping up to 53.9 in June. The dollar strengthened sharply yesterday in early trading and then gently deflated throughout the rest of the afternoon and evening. The big story...
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by Charles Purdy | Jul 7, 2023
A positive day overall for the single currency, ending the day slightly up on the US dollar but more significantly stronger against the Australian and Canadian dollars. This was despite construction PMI continuing to disappoint across the eurozone, while retail sales...
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