The BEA’s second estimate of U.S. real GDP in the first quarter of 2010 came in well below expectations at 3.0% Q/Q (annualized), and down from the previous estimate of 3.2%. Real personal consumption expenditure growth was also below expectations, and (somewhat surprisingly) revised down slightly to 3.5% from 3.6% Read More US Real GDP [...]
Posted in FX News | Tagged a, but, gdp, good, growth, in, not, real, surprises, us, way |
Overnight currency markets saw a bit of risk appetite, or at least "risk on" trades performed better. The Euro rallied from testing its 4-year low at 1.2150, managing to climb to 1.2341. The news that helped to spark the rally was a denial from China’s foreign-exchange regulator that it was Read More Euro Rallies From [...]
Posted in FX News | Tagged 4year, as, euro, from, higher, low, rallies, rise, well, yielders |
There were further pronounced losses for global long-ends on Thursday as equity markets around the world rebounded on signs that China wouldn’t tamper with its investment policy towards Europe despite a 14% slide for the euro so far in 2010. Demand for the safe haven status of government bonds ebbed Read More Confidence in Recovery [...]
Posted in FX News | Tagged confidence, for, in, maintains, pressure, recovery, upwards, yields |
One of the triggers of yesterday’s late sell-off in risk was an FT article suggesting that China was reviewing its holding of EuroZone assets. Overnight, China issued a broadside rejecting this story and trying to reassure markets that it considers Europe a key market for its investments. The effect of Read More FX Tries to [...]
Posted in FX News | Tagged chinas, encouragement, find, fx, in, reassurance, to, tries |
The euro recovered from a near four-year low against the dollar Thursday after China denied it was reviewing its holdings of euro-zone debt, helping to soothe investor nerves and boost what are considered to be riskier currencies. Worse than expected U.S. growth and jobless claims data released Thursday morning took Read More Afternoon Forex Overview
Posted in FX News | Tagged afternoon, forex, overview |
The euro rebounded today after the yesterday’s drop despite the forecasts about possible decline to parity with the U.S. dollar and the threat of the break-up of the Euro-zone.(…)Read the rest of Euro Rebounds After Decline, but Forecasts Remain Pessimistic (107 words) Posted on Forex News. Read More Euro Rebounds After Decline, but Forecasts Remain Pessimistic
Posted in FX News | Tagged after, but, decline, euro, forecasts, pessimistic, rebounds, remain |
