Economy
July 15, 2015
Currency Update for Steel Trading Nations
Written by Peter Wright
We have two data sources for this report. These are the Federal Reserve and the Oanda forex trading platform. An explanation of these sources is given at the end of this report. Oanda is current every day but the Federal Reserve daily broad index (BI) is normally about eight days in arrears. This month the Fed’s latest daily update was June 19th which is unusually late and given the recent volatility in the currency markets this makes the BI of limited value. However for the sake of standardization of these reports we include our analysis of the BI here in Figure 1.
