Currency Report: The trade-weighted U.S. Broad Dollar Index posted a reading of 115.824 for December 2021 – up 0.7% month on month (m/m) – and its seventh consecutive monthly increase. This index value is up 3.5% on a year on year (y/y) basis.

Advance Durable Goods Orders: The U.S. Census Bureau reported that new orders for durable goods in November 2021 increased by 2.5% month on month (m/m) to $268.2M, following the 0.1% increase in October. The always-volatile nondefense aircraft orders, up 1000+% y/y, influenced this trend significantly.

Producer Price Index: The U.S. Bureau of Labor Statistics’ Producer Price Index (PPI) for final demand grew 0.8% in November 2021 (seasonally adjusted), following the 0.6% increase in October. The index for final demand services grew 0.7% (its eleventh consecutive advance) while the index for final demand goods moved up by 1.2%. Within final demand goods in November, prices for iron and steel scrap rose 10.7%.

Currency Report: The trade-weighted U.S. Broad Dollar Index posted a reading of 115.396 for November 2021 – up 0.85% month on month (m/m) – and its greatest monthly increase since July. This index value is up 0.89% on a year on year (y/y) basis.

Oil and Gas Rotary Rig Counts:  The total number of operating rigs in the U.S. for the week ending November 26th was 467 oil and 102 gas (totaling 569). In percentage terms, on a month on month (m/m) basis, oil rigs were up 5.2% and gas was up 2.0%. On a year on year (y/y) comparison, rigs were up 93.8% for oil and up 32.5% for gas. The combined figure for y/y was +77.8%, or +249 rigs.

Oil and Gas Rotary Rig Counts:  The total number of operating rigs in Canada for the week ending November 26th was 106 oil and 65 gas (totaling 171). In percentage terms, on a month on month (m/m) basis, oil rigs were up 8.2% and gas down 4.4%. On a year on year (y/y) comparison, rigs were up 178.9% for oil and up 1.6% for gas. The combined figure for y/y was +67.6% or 69 rigs.