US Growth Remains on Track

This past week’s economic reports largely came in close to expectations and suggest third quarter real GDP growth will rise close to our expectations of a solid 3.1% annual rate. Most of the key economic data came at the end of the week. Retail sales data came in a bit light, rising just 0.1%, but…

Dollar Not Ready to Resume Up Trend Yet

Yen and Swiss Franc ended as the weakest ones last week as global stock markets ended higher. There were some jitters in risk sentiments after US announced to move on with tariffs on additional USD 200B in China imports, which come effective as soon as in September. But investors were quickly relieved after China’s refrained…