The DXY is trading defensively near 96.00. The US ADP report surprised to the upside in December. Investor attention now shifts to the FOMC Minutes. The US Dollar Index (DXY), which measures the dollar against a group of its main rivals, is trading defensively and near the 96.00 zone on Wednesday. The US dollar index […]
Tag: U.S.
ISM Manufacturing PMI falls to 58.7 in December from 60.0 expected
According to a survey compiled by the Institute of Supply Management, the US manufacturing PMI. it fell to 58.7 in December from 61.1 in November. That was lower than the expected reading of 60.0 and was the lowest reading since January 2021, when it also hit 58.7. In terms of the sub-indices, in a good […]
Durable Goods Requests Up 2.5% in November, Exceeding Expectations
The durable goods order report mostly showed numbers above expectations. The The main index registered an advance in November of 2.5%, higher than the 1.6% of the market consensus and higher than the 0.1% rise in October, which was revised from a reading of -0.5%. The index without taking into account defense rose 2%, being […]
Initial unemployment benefit requests remain at 205,000 in line with expectations
The Department of Labor reported that Initial claims for unemployment benefits remained at 205,000 in the week ending December 18, matching the market consensus. Regarding the continued claims for unemployment benefits, these were reduced by 8,000 in the week ended December 11 to 1,859,000, the lowest level since March 2020. Expectations were for a drop […]
Underlying price index of personal consumption spending rises 0.5% in November, higher than the 0.4% expected
The personal income and expense report did not generate major surprises in the market, with several figures in line with expectations. The personal income it increased 0.4% in November, equal to the market consensus. The 0.6% rise in personal expense it also matched expectations. Among the most relevant data was that of underlying price index […]
The US dollar index remains stable above 96.30
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The US dollar index falls 0.21% as US bond yields decline. The yield on 10-year US Treasuries lost about 2 bps to 1,388%. The US Dollar Index, also know as DXY, which measures the performance of the dollar against a basket of six rivals, falls 0.33%, settling at 96.48 during the American session at the […]
GBP / USD recovers to the 1.3200 level as US Treasury yields decline.
GBP / USD is trading at 1.3225 at the time of writing. UK Brexit chief negotiator David Frost unexpectedly resigned on Saturday amid negotiations. Domestic political troubles in the US are fueling some USD weakness as Democratic Senator Munching backed off in support of US President Biden’s agenda. The British pound trimmed previous losses by […]
Preliminary manufacturing PMI falls to 57.8 in December, its weakest result in a year
The US manufacturing PMI index has fallen to 57.8 in its preliminary reading for December from 58.3 points in November. The result disappoints the market consensus, which expected a rise to 58.5. Today’s is the weakest reading in a year, since December 2020. The preliminary PMI for services has also declined, falling to 57.5 from […]
Philadelphia Fed Manufacturing Index falls to 15.4 points in December from 30.0 expected
According to the Federal Reserve Bank of Philadelphia report released Thursday, the manufacturing activity index from the Manufacturing Business Outlook Survey fell to 15.4 points in December from 39.0 in November. That was a much larger drop than the expected drop to 30.0 points. About the Philadelphia Fed Manufacturing Index It is an index on […]
Housing starts up 11.8% in November, building permits up 3.6%
New home starts in the United States rose 11.8% monthly in November after falling to a rate of -3.1% in October, as shown this Thursday data published jointly by the United States Census Bureau and the United States Department of Housing and Urban Development. Additional details from the post revealed that building permits, which increased […]
