After a decline in the demand for small cars, Ford have strategically decided to scrap their investment plan for their Ford Focus plant in Mexico. Instead, the automotive company will invest in Michigan to capitalise on the growing SUV and crossover trend.
USDJPY is struggling – The pair is slumping this morning despite a growing consumer sentiment. The consumer confidence index surpassed expectations, reaching 43.1 for December, the highest of 2016. USDJPY reached a low of 115.20. Confidence may not extend over to real consumer spending. Japan’s previous household spending numbers fell %1.5 for the month of November. Will this stronger consumer sentiment be enough to stimulate consumer consumption?
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