EXCHANGE CORNER

Interest rate gaps and two competing scenarios for the economy By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Interest Rates Gaps for the US Dollar CME FX Swap Rate Monitor measures implied interest rate differentials. US rates appeared higher in FX markets than for seven other currencies. US rates were higher … Read More

China’s economy rebounds and interest rate differentials By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group China’s Economy Rebounds, Yuan Strengthens China’s economy rebounds from pandemic fallout. Chinese yuan has rallied against the US dollar. New loans for infrastructure projects fuel the comeback. Chinese demand has helped to rally copper. Watch video … Read More

Oil’s new challenges and did QE boost gold, silver, and tech stocks? By Erik Norland, Senior Economist, CME Group New Layers of Uncertainty in Oil Consumer spending in transportation sector 45% below pre-pandemic level. Oil demand also hurt by airline traffic, remaining 70% below normal. Energy demand hinges on how virus courses through global economy. … Read More

Rebound loses pace and virus sways FX By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group State of the US Economic Recovery in Real Time Brisk recovery in May and June slowed from July to early September. Entertainment and recreation sector remains down 60% from a year ago. Restaurants and hotels regain … Read More

Downtown downturn and Fed, economy, and equities pull back By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group The Pandemic’s Downtown Downturn NYC weekday commuter traffic is down 75% from pre-pandemic levels. Losses mount for downtown businesses that depend on office workers. Businesses likely to shrink their office footprints, cut travel budgets. … Read More