USD Auto Industry Recovers YoY and MoM

After a tough couple of years, the auto industry’s recovery is moving ahead.
The world’s major auto makers reported sales for February on Friday that were up solidly from a year prior and last month, though slightly short of analyst estimates in most cases.

Early results suggest sales should still come in at an annual rate above 15 million for the month. If they do, it will mark the fourth straight month they’ve topped that benchmark, after falling below it in every month since March 2008.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza