USD/INR Attracts Some Buyers Ahead of New Year Holiday
Goldman Sachs 'Ten Questions' for Trump 2.0: Where is the USA economy and the Federal Reserve headed in 2025?
1. Analysts at Goldman Sachs emphasize that as we enter the new year, the fundamentals of the USA economy are expected to remain robust; 2. They point out that the uncertainties regarding policy changes and geopolitical risks during Trump's second term may impact the outlook.
The manufacturing industry in the USA is facing a harsh winter, with the Chicago PMI unexpectedly plummeting to levels close to those during the lockdown period of the COVID-19 pandemic.
In December, the Chicago PMI in the USA was 36.9, significantly below the expected 43, with the previous value in November being 40.2. Given the dismal Chicago PMI data, the upcoming critical ISM manufacturing PMI to be released later this week may also be disappointing. The unexpected sharp decline in the Chicago PMI has led to an expansion in the gains of US Treasury prices during the day, and the drop in US stock prices has also widened at one point.
December Texas Manufacturing Activity Unexpectedly Returns to Growth Territory
The surge of the US dollar has severely impacted the market, causing the Exchange Rates of the Vietnamese dong to drop to a historic low.
The exchange rate of the Vietnamese Dong against the US Dollar has fallen to a historically low level. Experts believe that the main reason for the depreciation of the Vietnamese Dong is closely related to the rising demand for the US Dollar in the international market. It is expected that the Vietnamese Dong may weaken further, and the Vietnamese central bank may increase the sale of US Dollars to stabilize market fluctuations.
Texas Manufacturing Improved in December -- Dallas Fed