Mar 25, 2015 16:51 pm UTC| Commentary
Already off to a weak start Wednesday, the buck lost further ground after durables disappointed, keeping the dollar on its back foot. Durables unexpectedly sank 1.4% in February compared to forecasts of a 0.4% increase....
Mar 25, 2015 16:50 pm UTC| Commentary
Canadas loonie traded just off its strongest in three weeks against the greenback. A better week so far for oil and further struggles for the U.S. currency have helped move the loonie into a stronger trading range. With...
Mar 25, 2015 16:49 pm UTC| Commentary
A marked reduction in expectations for a Fed rate hike any time soon helped the Aussie dollar weather poor data from China this week and flirt with two-month highs. The Aussie, though, may have a difficult time sustaining...
Mar 25, 2015 16:49 pm UTC| Commentary
Sterling strengthened closer to $1.50 against the greenback but remained on an otherwise fragile footing following the previous days poor inflation report. For more than a year, U.K. inflation has been on the decline,...
Mar 25, 2015 16:47 pm UTC| Commentary
More evidence of a brightening outlook in Europe helped the euro make a fresh run at $1.10 against the greenback, a level it has touched twice in the past week, and its highest terrain since early March. Germanys leading...
Slump in US durable orders points to investment weakness
Mar 25, 2015 14:41 pm UTC| Commentary
US durable goods orders declined 1.4% m/m, core orders fell by 0.4% m/m, with machinery orders down by 1.8% m/m. Core orders have fallen in every month since last October.Equipment investment probably contracted in the...
Mar 25, 2015 13:55 pm UTC| Commentary
First BoE rate increase in Q1-2016, timing subject to inflation not undershooting BoE targetSociete Generale notes as follows .... CPI inflation could possibly to turn negative in H1-2015 May 7th general election:...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects