![]() ![]() Total average earnings dropped to 7.2% from 8.0% in the three months to October. GBPUSD dipsy-doodled in a 1.2543-1.2585 range with the low seen following the UK employment report. Prices got a lift from the better-than-expected German Eurozone Zew survey. Prices rallied but the move didn’t last as higher production from the US and other non-Opec countries combined with weaker-than-expected demand from China and rising US inventories drove WTI to the $70.00/barrel area.ĮURUSD traded sideways in Asia then climbed from 1.0759 to 1.0808 in Europe. On November 30, Opec and Russia announced that production cuts would be increased from !.4 million barrels per day to 2.3 million bdp beginning January 1. The Canadian dollar is struggling to make headway partly because of depressed crude prices. ![]() If the results are “as expected,” then the FX impact will be muted because the two-day FOMC meeting begins today. Unfortunately, the more important Core-CPI result is expected to be unchanged at 4.0% y/y. The drop is due to a fall in gasoline prices. Headline CPI is expected to have risen 3.1% y/y in November, a tick lower than the October increase of 3.2% y/y. This morning’s inflation report is expected to confirm that sentiment. The US dollar is on the defensive against its major G-10 currency peers because traders believe that US interest rates have peaked at 5.50% for this cycle. There are no domestic economic reports or speeches from Bank of Canada officials to give the Canadian dollar any direction, so prices rise and fall with US dollar sentiment. The Canadian dollar continued to play “follow the leader” in overnight foreign exchange markets. US dollar opens steady to mixed ahead of inflation data. German and Eurozone economic sentiment improves. This website has individual reports for years going back to 1963 and a consolidated report that goes back to 1956.- Analysts expect US CPI to have dipped 0.1% to 3.1% in November. For exchange rates for years before 2001, visit the gov.info website. Since the exchange rates in this report are not current rates of exchange, they should not be used to value transactions affecting dollar appropriations. dollar equivalents as of the date of this report and for the ensuing three months. government agencies should use these rates, except as noted above, to convert foreign currency balances and reported transactions to U.S. To ensure all reports are translated at uniform exchange rates, all U.S. See Volume I Treasury Financial Manual 2-3200 for further details. Amendments are included in this dataset beginning March 2021.Įxceptions to using the reporting rates as shown in the report are: collections and refunds to be valued at specified rates set by international agreements, conversions of one foreign currency into another, foreign currencies sold for dollars, and other types of transactions affecting dollar appropriations. Amendments will also be issued to reflect the establishment of new foreign currencies. One line for the original March 31st published rate and another line for the amended rate effective April 30th which would be valid for reporting purposes for May and June transactions. Example: A currency amended on April 30th will appear on two lines of the report. Amendments made at the end of a month can be used for reporting purposes for transactions occurring during the remaining month(s) in the quarter. An amendment to a currency exchange rate for the quarter will appear on the report as a separate line with a new effective date. government can acquire foreign currencies for official expenditures as reported by disbursing officers for each post on the last business day of the month prior to the date of the published report.Īmendments: If current rates deviate from the published rates by 10% or more, Treasury will issue amendments to this quarterly report. This quarterly report reflects exchange rates at which the U.S. ![]()
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