The US Dollar Index broke its three-week losing streak last week and regained stability. The US Dollar Index opened higher on Monday.
The US bond (BND) market performance was mixed for the week ending December 1 as volatility increased.
The US Dollar Index opened lower on December 1 and traded with weakness below opening prices in the early hours.
In the early hours on November 30, the US Dollar Index is trading with strength above opening prices.
The November Conference Board LEI reported the average consumer expectations for business conditions for October at 0.96, a sharp increase from the September reading of 0.43.
The November Conference Board report, which takes October data into account, reported the credit spread at ~1.2—an improvement from the September reading of ~1.1.
In the Conference Board Leading Economic Index, the average weekly unemployment claims have 3.0% weight.
The flattening of the US yield curve continued to keep bond market (BND) investors anxious last week.
The US Dollar Index started this week on a weaker note and traded below the opening prices in the early hours on Monday.
The US Dollar Index has been weak for two consecutive trading weeks, and started this week on a mixed note. The index lost strength as the week progressed and fell to four-week…
In the early hours on November 22, the US Dollar Index is trading with weakness below the opening prices.
The US bond markets (BND) remained concerned about the flattening yield curve last week.
The US Dollar Index opened on a stronger note on November 20. However, the dollar lost strength as the day progressed.
The US Dollar Index started Friday on a weaker note and traded below the opening prices with weakness in the morning session.
The Fed is expected to increase the target funds rate by 0.25% at its December meeting.
The US Dollar Index started this week on a mixed note and lost strength as the week progressed. It opened Wednesday on a weaker note.
The University of Michigan Preliminary Consumer Sentiment for November was reported at 97.8, which was 2.9 lower than the final October reading of 100.7.
The non-farm payroll data for October rose by 261,000, which was below the consensus expectation of over 300,000 job additions.
The latest report was released on November 3 and indicated that the goods and services deficit was $43.5 billion in September, or $0.7 billion higher than in August.
The US FOMC left rates unchanged after the November 2017 meeting, as expected, setting the stage for a potential rate hike in December.