Currency Exchange Update 4/22/15


Here are the key news stories from overnight:
  • Chinese PMI data declined for the fourth straight month and fell to a 1-year low 49.2 and below consensus. A reading below 50 separates the difference between expansion and contraction.
  • Japanese April manufacturing PMI came in weaker than consensus at 49.7 versus expectations of 50.7. This is the third consecutive decline.
  • Eurozone flash April PMI was also weaker than expected with both Germany and France underperforming. Readings came in at 51.9 from the previous month of 52.2. Markets were expecting a small rise.
  • U.K. retail sales for March also came in below expectations at 0.2% against expectations of 0.5%. Year over year growth was at 4.2% from the previous reading of 5.7%.
  • U.S. jobless claims came in near expectations and remain below the key 300,000 level. U.S. 10-year yields are unchanged at 1.98%.
The U.S. dollar (USD) is very mixed today. Australia and New Zealand are quite a bit weaker on the back of the weak Chinese data while the Swiss franc has surged despite the changes made by the Swiss National Bank regarding zero interest rates yesterday. The Swiss franc is the strongest G10 currency year to date despite Switzerland having the deepest negative interest rates of any major country. Emerging markets are also mixed with Russia up by 2.14% and many of the Eastern European currencies up slightly. Asian currencies are generally weaker on the session.

If we can help you with any Foreign Exchange needs, please do not hesitate to contact us

Relate topics:
FOREX Understand the Myths of Market Trends and Patternsdownload now!

Take addition 10% discount at our Amazon Corner this month:  books and much more

Shop Amazon Gift Cards. Any Occasion. No Expiration.

Shop Amazon – Most Wished For Items
Shop Amazon – Top Gift Ideas
Shop Amazon – Hot New Releases – Updated Every Hour
Shop Amazon – Best Selling Products – Updated Every Hour
Shop Amazon Warehouse Deals – Deep Discounts on Open-box and Used PCs
Shop Amazon Warehouse Deals – Deep Discounts on Open-box and Used Tools & Home Improvement
Shop Amazon Outlet – Clearance, Markdowns and Overstock Deals
Shop Amazon Gift Cards – Instant Delivery or Free One-Day Shipping
Shop Amazon – Introducing Education Supplies for Teachers

Our Concierge Service is also available for business owner, investor for net lease commercial real estate.  Please sign up for a free consultation.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.