January 2019

Currency Report

The dollar Broad Index posted a reading of 103.0419 for December, up 1.1% month on month. On a twelve moving average, year on year, (y/y) comparison, the Broad Index was up 6.4%. Table 1 lists the values of the U.S. dollar measured in the currency of the 17 steel trading nations that we follow as [...]

ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 1.6 points month on month, (m/m) to 59.3 for December 2018. This continues the trend of the index being greater than 50, (>50 = expansion), now for 27 consecutive months. The new orders sub-index scored a 62.1.  Overall, the ISM manufacturing index is strong and fundamentals remain favorable [...]