USD Plunges to New Lows With USD Index Dipping Below 80
USD Plunges to New Lows With USD Index Dipping Below 80, USDCAD Below 1.1000, AUDUSD Nearly Touching 0.8000
Geithner on the way to China to plead his case. Ugly Chicago PMI reading challenges green shoots theory.
MAJOR HEADLINES – PREVIOUS SESSIONJapan Apr. Housing Starts fell -32.4% YoY vs. -22.0% expected and -20.7% in Mar. Germany Apr. Retail […]
Empire Manufacturing Index Hits Nine-Month High
Empire Manufacturing Index Hits Nine-Month High
The Empire index of general business conditions rose to its highest level since August, but remains in negative territory. Declines in manufacturing in the New York area continue, but the pace of declines is clearly slowing. Most of the strength in this report was in measures of forward-looking sentiment, rather […]
Dollar Index Review: Post Stress Test
Dollar Index Review: Post Stress Test
Blaring Headlnes: Dollar Index, Stress Tests, bloated Treasury markets, equities holding support, China jawboning, U.S. threatening others with currency manipulation, non-U.S. based banks deemed to be the safest, and the U.S. based sub-prime crisis as the accepted root cause of the economic downturn, adds up to one thing;
Regional GDP growth […]