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This Day in Econ History
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Let's admit that the monthly non-farm payroll report is among the most difficult for economists to forecast. There are not many reliable inputs as it is the first piece of real sector data for a new month. Nevertheless, it is an important piece of economic data, and which, as we saw earlier in the year, a significant downside miss could
freeze the Fed. Head of Global Currency Strategy at Brown Brothers Harriman. |
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True to its recent habit, the US dollar is finishing the week on a firm note. On the month, though, the greenback has fallen against most of the majors, but sterling, the Canadian dollar, and the Swedish krona.
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The euro is trading at its lowest level against the Norwegian krone since August 2015. The euro is near its best levels against the Swedish krona in nearly as long.
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China used to call Russia its ‘older brother’. However, never again since the fall of the USSR. In an effort to portray its status as a less powerful yet assuredly more senior neighbour, Russian officials have recently begun referring to their country as China’s ‘elder sister’. The new term has proven less popular in China. Read More
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| The first rule is
not to lose. The second rule is not to forget the first rule. - Warren Buffett | |
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