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  • H.S. Borji

    US small business sentiment declined in June following three consecutive months of gains, as planned spending and expectations for better business conditions faded. The optimism index declined 1.6 points in June to 95.0, the National Federation of Independent Business reported today. That followed a reading of 96.6 in May that was the highest since September

  • H.S. Borji

    The US dollar was little changed Monday, as a dearth of economic data from the United States kept trade subdued ahead of an active week headlined by international data. The US dollar index – a broad performance measure of the greenback – declined 0.07 percent to 80.21. The dollar ended the previous week on a

  • H.S. Borji

    Business optimism in Canada was relatively unchanged in the second quarter, as expectations for US economic growth and stronger domestic and international demand kept the business outlook encouraging. The quarterly business outlook survey continued to offer encouraging signs for economic growth, but concerns about competition could still undermine the pace of recovery, the Bank of

  • H.S. Borji
    Forex » US Dollar Resumes Upward Trend
    H.S. Borji - July 4, 2014, 17:47 GMT

    The US dollar advanced slightly against a basket of currencies Friday, as US Independence Day kept trade volumes light ahead of an active release schedule next week. The US dollar index – a gauge of the greenback’s performance versus six commonly traded peers – advanced 0.08 percent to 80.28. The dollar received a boost this

  • H.S. Borji

    The Canadian dollar strengthened against its US counterpart Thursday, buoyed by a narrower trade deficit and brighter global prospects. The loonie, as the Canadian dollar is known, advanced 0.32 percent to reach 0.9404. The loonie climbed to a nearly six month high of 0.9411 earlier this week before declining in the Wednesday session. Canada’s currency

  • H.S. Borji

    The US dollar advanced against a basket of currencies Thursday, as US employers added more than 200,000 workers for the fifth consecutive month and the unemployment rate fell to a nearly six-year low. The US dollar index, a broad performance measure of the greenback’s strength against six commonly traded peers, advanced 0.31 percent to 80.20.

  • James Boston

    As the market absorbs the range of US employment statistics released earlier this afternoon an update to the Purchasing Managers Index (PMI) has just been published. Markit Economics have released the Services PMI for the month of June, this is showing an improvement in the US Services sector to 61.0, the May reading for comparison

  • H.S. Borji

    The US service economy eased slightly in June, but remained elevated as new orders supported another strong month of job creation. The Institute for Supply Management’s gauge of national service activity eased from 56.3 to 56. A median estimate of market analysts called for no change to the headline PMI. The US service economy has

  • David Becker

    Benchmark Brent crude oil declined following a decrease in Libyan supply fears. Negotiations concluded yesterday to release two captured terminals, freeing up additional exports. Brent futures hit a new three-week low Thursday, falling below $111 a barrel. Additionally, U.S. crude stocks dropped by more than expected last week, falling 3.2M barrels, compared to a previous

  • H.S. Borji

    The US private sector in June added the most workers since November 2012, the ADP Institute reported today, prompting some economists to re-evaluate their forecast for Thursday’s nonfarm payrolls report. On Thursday the Labor Department could show the US economy added 210,000 nonfarm payrolls in June, marking the fifth consecutive month job creation was above