Tag: NZD

U.S Producer Price Indexes – July 2018

The Producer Price Index for final demand was unchanged in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.3 percent in June and 0.5 percent in May. (See table A.) On an unadjusted basis, the final demand index increased 3.3 percent for the 12 months ended in July. […]

U.S unemployment insurance weekly claims

In the week ending August 4, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 218,000 to 219,000. The 4-week moving average was 214,250, a decrease of 500 from the previous week’s revised average. […]

Turkish lira loses another 3%

Thursday August 9: Five things the markets are talking about The geopolitical tension theme continues to dominate capital markets, now that China has responded to the U.S’s tariff onslaught with additional tariffs of its own. In currencies, the market is again focused on sterling (£1.2852) as it encroaches on its new 12-month low as politics […]

Saudi Arabia sells off Canadian assets, loonie falls

It’s being reported by FT that the Saudi’s are selling off Canadian assets in response to Ottawa’s criticism of the arrest of a female activist last week. Apparently, the Saudi central bank and state pension funds have been instructed to dispose of their Canadian equities, bonds and cash holdings. There is no Canadian dollar amount […]

Politics takes down the pound

Wednesday August 8: Five things the markets are talking about Trade concerns continue to hover over capital markets. Yesterday, the U.S indicated that it will begin imposing another +25% duties on an additional +$16B in Chinese imports beginning in a fortnight. On the first go around, China swore to retaliate, they have yet to give […]

Cannot keep the ‘big’ dollar down

The European and Asian sessions were happy to book ‘long’ dollar profits, but North America has decided to renew their acquaintance with the dollar bulls. A lack of major economic data releases and a stabilizing Chinese yuan overnight provided a temporary reprieve for risk assets and EM currencies. Another strong JOLTS jobs opening report (+6.66M) […]

Dollar rally takes a time out

Tuesday August 7: Five things the markets are talking about Most global equities found traction overnight as earnings season continues, helping support investor sentiment against a backdrop of trade worries and geopolitical concerns. The trend for a rising U.S dollar is taking a pause, with the dollar edging lower against G10 currency pairs. A lack […]

US Dollar Takes NFP Hit But Ends Up Higher on the Week

The US dollar fell on Friday after the U.S. non farm payrolls (NFP) came in below expectations with only a gain of 157,000 but otherwise the unemployment rate dropped to 3.9 percent and wage growth remained unchanged at 0.3 percent. The greenback is still higher against most majors on a weekly basis. The past five […]

Canada: International merchandise trade, June 2018

Canada’s merchandise trade deficit with the world narrowed from $2.7 billion in May to $626 million in June, the smallest deficit since January 2017. Total exports increased 4.1%, mainly on higher exports of energy products and aircraft. Total imports edged down 0.2%. In real (or in volume) terms, exports rose 2.1% and imports were down […]

Big revisions offset July miss on payrolls

By the numbers: July NFP and U.S Trade Average hourly earnings m/m: +0.3%e vs. +0.3%a Average hourly earnings y/y: +2.7%e vs. +2.7%a U.S employment change: +193Ke vs. +157Ka U.S unemployment rate: +3.9%e vs.+3.9%a Prior change in NFP: revised higher from +213K to +248K Prior change in private payrolls: revised higher from +202K to +234K Prior […]