This is a discussion on USD News within the Analytics and News forums, part of the Trading Forum category; On January 23rd, the U.S. Treasury Secretary Steven Mnuchin said that a “weaker dollar is good for trade.” On that, ...
On January 23rd, the U.S. Treasury Secretary Steven Mnuchin said that a “weaker dollar is good for trade.” On that, the greenback promptly made a three-year low. He uttered those remarks while addressing the annual gathering of the World Economic Forum in Davos, Switzerland, of all places.
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Partly reflecting another jump in orders for transportation equipment, the Commerce Department released a report on Friday showing a substantial increase in new orders for U.S. manufactured durable goods in the month of December. The Commerce Department said durable goods orders spiked by 2.9 percent.
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A report released by the Commerce Department on Friday showed weaker than expected U.S. economic growth in the fourth quarter of 2017. The report said real gross domestic product increased by 2.6 percent in the fourth quarter compared to the 3.2 percent growth seen in the third quarter.
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Consumer confidence in the U.S. rebounded by more than expected in the month of January, according to a report released by the Conference Board on Tuesday.
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Increased for the third consecutive month in December. NAR said its pending home sales index climbed by 0.5 percent to 110.1 in December.
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While MNI Indicators released a report on Wednesday showing a slowdown in growth in Chicago-area business activity in the month of January, the pace of growth slowed by less than anticipated. MNI Indicators said its Chicago business barometer dropped to 65.7 in January.
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After reporting a bigger than expected jump in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Friday showing factory orders once again increased by more than expected in December.
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Revised data released by the University of Michigan on Friday showed only a slight deterioration in U.S. consumer sentiment in the month of January. The report said the consumer sentiment index for January was upwardly revised to 95.7 from the preliminary reading of 94.4.
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President Trump has a little problem, one generated by his administration’s wrongheaded view on international economics. The President has stated that he would endorse the Senate’s budget proposal. But, little does he know, the Senate’s proposed fiscal folly would explode the trade deficit.
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A report released by the Commerce Department on Friday showed wholesale inventories in the U.S. increased by more than anticipated in the month of December. The Commerce Department said wholesale inventories rose by 0.4 percent in December.
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