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  • H.S. Borji

    The US manufacturing industry continued to advance in July, although output and new orders rose at a slower rate while job creation was the weakest since September 2013. Markit Group’s flash estimate of US manufacturing activity declined 1 percentage point to 56.3. A median estimate of economists called for a gain of 0.2 percentage points

  • H.S. Borji

    The US dollar advanced against a basket of currencies Tuesday, as steady inflation and higher US bond yields kept the greenback elevated in the early part of the week. The US dollar index, a weighted average of the greenback’s performance versus six commonly traded peers, rallied to a five-week high, advancing 0.28 percent to 80.78.

  • H.S. Borji

    The Canadian dollar was little changed against its US counterpart Tuesday, as investors awaited Wednesday’s retail sales report amid growing risks of decline for the currency in the coming months. The loonie, as Canada’s currency is known, rebounded from an intraday low of 0.9294 US to settle at 0.9308 US, declining 0.04 percent. The USDCAD

  • H.S. Borji

    The Australian dollar advanced sharply against its US counterpart Tuesday after Reserve Bank of Australia Governor Glenn Stevens made surprisingly optimistic comments about monetary policy. The Aussie, as the Australian currency is known, surged to an intraday high of 0.9421 US. The AUDUSD pair would later consolidate at 0.9395, advancing 0.23 percent. The pair is

  • H.S. Borji

    The sale of previously-owned US homes advanced at a strong pace in June, as buyers continued to take advantage of slower price growth and rising inventory levels. Existing US home sales rose 2.6 percent to an annual rate of 5.04 million, following a gain of 5.4 percent the prior month, the National Association of Realtors

  • James Boston

    The US housing market continues to remain strong according to statistics just release by the National Association of Realtors. Existing Home Sales for the month of June now stand at 5.04M, this compares to the 4.91M recorded in May and the market consensus reading of 4.97M. This is a month on month percentage change of

  • H.S. Borji

    The US dollar advanced against a basket of currencies Friday and is pacing for a weekly gain of 0.5 percent, as investors weighed monetary policy and geopolitical tensions against disappointing US data. The US dollar index, which gauges the performance of the greenback against a basket of major rivals, advanced 0.12 percent to 80.60. The

  • James Boston

    There is a viable look to the medium term future of the US economy available today through the Michigan and Conference Board Data. The most pervasive of the predictors, the CB Leading Index has just been published as falling slightly to 0.3% for the month of June, this is in comparison to a 0.5% increase

  • H.S. Borji

    The US dollar was little changed against a basket of currencies Thursday, as recent testimony from Janet Yellen outweighed another disappointing month of construction data. The US dollar index, a broad gauge of the greenback’s performance against six commonly traded peers, was down 0.06 percent to 80.51. The index moved within a narrow range of

  • H.S. Borji

    US industrial production advanced at a slower rate than forecast in June, but manufacturing production advanced for a fifth consecutive month and production at mines continued to increase, offering hope factory output was helping to spark recovery in the second quarter. Total industrial production advanced at a pace of 0.2 percent in May, following a