Thursday, November 24, 2016

The USD Surge Continues





The USD Surge Continues
by Saktiandi Supaat


FX Research





US data came in surprisingly strong with durable goods way above expectations at 4.8%m/m vs. the consensus of 1.7%. The Sep print was also revised higher to 0.4% from previous -0.3%. Oct Markit PMI-mfg also beat expectations at 53.9 along with a higher Univ. of Mich. Sentiment. Solid data lifted the DXY index to record high of 101.48. Minutes of the Nov Fed meeting provided little fresh cues and may seem even a bit dated given the fact that the meeting took place before the US elections ...

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