5/3/2021 1:35:58 PM GMT | By Eren Sengezer
Markit Manufacturing PMI in Canada retreated modestly in April.
USD/CAD continues to trade in a narrow range below 1.2300.
The business activity in Canada s manufacturing sector continues to expand in April, albeit at a slower pace than it did in March with the Markit Manufacturing PMI edging lower to 57.2 from 58.5.
Commenting on the data, despite moderating form March s near-survey peaks, output and new order growth were robust, while rising backlogs supported additions to headcounts in April, noted Shreeya Patel, Economist at IHS Markit. Firms also added to their stockpiles, suggesting greater production in the coming months.
5/3/2021 1:53:29 PM GMT | By Eren Sengezer
Markit Manufacturing PMI rose above 60 in April.
US Dollar Index stays deep in the negative territory around 91.00.
The IHS Markit s Manufacturing PMI for the US rose to 60.5 (final) in April from 59.1 in March. This reading came in slightly worse than the flash estimate of 60.6 and showed an ongoing expansion in the manufacturing sector s business activity at a strong pace.
Commenting on the data, US manufacturers reported the biggest boom in at least 14 years during April, noted Chris Williamson, Chief Business Economist at IHS Markit noted. Demand surged at a pace not seen for 11 years amid growing recovery hopes and fresh stimulus measures.
April 30, 2021SharePrint
Everyone on Wall Street is trying to figure out if the peak in Treasury yields will stick for a while now that the US is approaching peak growth. The best expansion since World War 2 is being accompanied with a Fed that remains committed to supporting the economy until a complete recovery. The playbook for many traders appears to be the Fed could announce at the June FOMC or at the Jackson Hole Symposium that they are ready to start talking about tapering, paving the way for a gradual reduction of the $120 billion per month in asset purchases.
Another busy week ahead has several key economic releases, central bank speak, and a couple of big interest rate decisions. In the US, traders will closely watch the ISM Manufacturing reading and Market PMIs, durable goods, factory orders, and the nonfarm payroll report, which could show over a million jobs were created in April. We will hear from ECB’s Lagarde, Fed Chair Powell and his colleagues Daly, Kashkari
US Dollar Index remains under pressure below 91 00 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
4/19/2021 7:51:59 AM GMT | By Pablo Piovano
DXY loses the grip and retreats to lows near 91.30.
US 10-year yields look steady in the 1.55% region.
The risk-on sentiment gathers further pace early on Monday.
The greenback, when tracked by the
US Dollar Index (DXY), starts the week on the defensive and drops to multi-week lows near 91.30.
US Dollar Index weaker on steady yields, risk-on
The index adds to Friday’s losses and reaches new multi-week lows in the vicinity of 91.40 on the back of the consolidative mood in US yields and the extra improvement in the risk complex.
Indeed, yields of the US 10-year benchmark appear stabilized in the lower bound of the recent range around 1.55%.