It seems like the rally of the greenback has ended. On Monday, the US dollar index was below $93.50. Tuesday’s attempts to recover are not successful. The index is below $93.40. No important economic data will be released today.
China December factory surge accelerates to four-month maximum
In December, surge in China's manufacturing sector suddenly accelerated to a four-month maximum because factories cranked up output just to meet a soar in new orders, as a private business poll disclosed on Tuesday.
The reading revealed shocking resilience in the world's number two economy at the end of 2017, although it turned to be at odds with a much larger official poll on Sunday, pointing to a moderate loss of momentum.
The Caixin/Markit Manufacturing Purchasing Manager's Index rallied to 51.5 the previous month versus November’s reading of 50.8, thus far outpacing economists' hopes for a moderate ascend to 50.6.
The 50-mark traditionally divides contraction from expansion on a monthly basis.
Market experts have hoped for some softening in China's manufacturing activity because a cooling property market, a punishing crackdown on air pollution as well as higher borrowing costs all start weighing on the world's number two economy.
This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.
The weekly indicator of consumer confidence from ANZ rallied by 0…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…