Morning Market Update – The Rise of the Greenback

The Net Long-Term TIC Flows released by the US Treasury went down below the forecasted value of $37.3B in April: Actual ($1.8B) and the Total Net TIC Flows came at $65.8B in April versus the previous value of $-0.7B.

Business NZ PMI for New Zealand rose up to 58.5 in June from a previous value of 56.8. Chile BCCH Interest Rate remained without any change and came at 2.5% in June.

Foreign Direct Investment into China (YTD) (YoY) was registered at -0.7% in May versus a previous value of -0.1%. The People’s Bank of China (PBOC) set the Yuan reference rate this Friday morning at 6.7995 versus yesterday’s fix of 6.7852.

South Korea’s Trade Balance came at $5.68B in May versus a previous value of $5.99B. Moving on for the day, we have the Euro’s Consumer Price Index which might see a slight dip in the markets. The major news for the day comes from the Greenback with the Housing Starts showing a positive sign at 1.215 when compared to the previous value of 1.172M. Building Permits looked good with 1.25M against a previous value of 1.228M. Michigan Consumer Sentiment Index continued to remain at 97.1 at the end of the week and this should give a good momentum for the greenback.

 
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