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Posts Tagged ‘ US Manufacturing ’

New York Manufacturing Index Slumps… Dollar Suffers

Jun 16th, 2008 | By Marc | Category: Featured, Financial News

The US dollar showed further weakness today, as the New York Manufacturing index plunged to minus 8.7 in June — a bigger decrease than forecast.

The greenback was already under pressure as soaring eurozone inflation boosted expectations of an imminent rate hike by the European Central Bank.

As market uncertainty feeds into exchange rate volatility, currency expert Sean Hyman suggests two safe havens in The Offshore A-Letter…

Tags: gold, New York Manufacturing Index, Sean Hyman, Swiss Franc, US dollar, US Manufacturing, US recession
Posted in Featured, Financial News | Comments2008-06-16+15%3A43%3A36Marc

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