US Dollar Plunge After Weaker US Data
USD has accelerated losses after US Manufacturing ISM (and construction spending) disappoints.
Markets have downshifted further. The continued confusion surrounding China trade has kept export markets on edge. Profits are elusive. Cash-flow planning is paramount. The general economy is slowing down.
The order book continues to shrink below our forecast levels. We’re unsure at this point how much of the slowdown is tied to certain events [like the General Motors strike], year-end inventory reductions by customers, or a worsening economy.
02 Dec 19 (Mon)
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