Tuesday, September 22, 2009

Quick Overview

  • The dollar resumed its broad sell-off, dipping under ¥91 and coming close to its fresh 12-month low versus the euro.

  • The Richmond Federal Reserve's regional index of manufacturing was unchanged in September at +14

  • U.S. single family home prices rose 0.3% in July, but fell 4.2% YoY.

  • Obama said the U.S. is determined to tackle global warming at a year-end summit.

  • Cooler temps will build for late next weekend in the U.S. Midwest, but at this point most forecasters suggest it will not bring a crop threatening frost.

  • Airbus forecast for world commercial aircraft sales sees a more than a doubling in demand that will require 25,000 planes at a cost of US$3.1 trillion, adding that Asian and emerging market will produce more low cost carrier demand by 2029.

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