Not much this morning/Again,something is up with the USD

The August Cass Freight index came out yesterday and it reflected a 1% m/o/m rise in shipments after a 3% increase in July. They remain though down 1.9% y/o/y after a 1.1% fall in July. Cass said with regards to the y/o/y declines "These were the smallest declines in 18 months as goods demand continues to grow slowly, and slowing capacity additions reduce the pressure on for-hire shipments." My bottom line, some of this has been front loading shipments ahead of the holidays with the Red Sea disruptions.

Non-oil exports from Singapore in August fell by 4.7% m/o/m after a strong 12.2% rise in July. The estimate was for a 2.7% fall. Versus last year though they are still up 10.7% with particular strength in electronic products. You may or may not know but Singapore has a big semi industry too. Taking out the influence of electronic products saw exports rise 3.7% y/o/y. Exports to China rose 19%, and were strong to other Southeast Asian countries like Indonesia and Malaysia. They were up 6.4% to the US but fell by 21% to the EU.