New Year’s Hangover and Beaucoup Manufacturing PMI Reports for December

The flip-side of the historical downward bias of the dollar late most Decembers is rebounding strength right after the start of the ensuing new year. On this first trading day of 2024, the dollar rose 0.8% overnight on a weighted basis and against the euro and sterling, 1.0% relative to the Swiss franc, 1.8% against […]