November 25, 2024   United States: Dollar, US Yields Fall on Bets Bessent Will Dilute Trump Plans The dollar fell and US government bonds rallied after Donald Trump picked Scott Bessent to run the Treasury, a Wall Street veteran who investors expect will take the sting out of the administration’s more aggressive trade and economic policy proposals.   A

November 22, 2024   United States: Dollar Set for Longest Run of Gains in a Year Amid Haven Demand   The dollar is set for its longest run of weekly gains in more than a year, as escalating geopolitical tensions boost demand for the haven currency.   The Bloomberg Dollar Spot Index climbed as much

November 21, 2024   US Initial Jobless Claims Decline to Lowest Level Since April   Applications for US unemployment benefits unexpectedly fell last week to the lowest level since April, illustrating a solid job market.   Initial claims decreased by 6,000 to 213,000 in the week ended Nov. 16. The median forecast in a Bloomberg survey

November 20, 2024   United States: Some key market metrics are starting to suggest the Trump-inspired rally in the dollar may have plateaued, as bullishness fueled by the US election wanes. Bloomberg’s gauge of the currency fell for a third day on Tuesday after rising to a two-year high last week.   https://www.bloomberg.com/news/articles/2024-11-19/dollar-rally-hits-choppy-waters-as-two-way-trading-returns?srnd=phx-markets     Europe: Euro-Zone

November 19, 2024 United States: US Housing Starts Slide 3.1% as Hurricanes Impact South Region US housing starts declined in October to the slowest pace in three months as hurricanes exacerbated an easing in construction activity more generally.   Housing starts decreased 3.1% last month to a 1.31 million annualized rate, reflecting a steep decline in