Tag Archive: U.S. Services PMI

The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants.

FX Daily, August 03: Consolidation Featured

2016-08-03

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2016-08-03

The US dollar is consolidating yesterday's losses. The greenback's upticks have thus far been shallow and unimpressive, except perhaps against the New Zealand dollar, which is off 0.8% ahead of next week's RBNZ meeting. Softer than expected labor cost increase reinforces the conviction that a 25 bp rate cut will be delivered next week.

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FX Daily, July 06: Dollar and Yen Advance Amid Growing Investor Angst

2016-07-06

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2016-07-06

What a difference a few days make. Many saw last week's equity market advance a sign that Brexit anxiety was overdone. However, quarter-end position adjustments appear to have been misread. Equity markets are falling now. Bond yields in the US, Japan, and Germany, are at new record low. Japan's 20-year bond yield briefly dipped below zero for the first time.

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