The dovish FOMC is having the intended effect as the Aussie squirts to a new record high against the rest of the major currencies. Will this continue for mere days or several weeks? Once again, we can’t recommend Caroline Baum’s column on the FOMC statement from yesterday enough, as it Read More Liquidity in the [...]
The Australian Dollar was the worst performing major currency on the week against the U.S. Dollar, falling by 3.10 percent. Read More Aussie Could Rebound But Tightening Liquidity Conditions to Weigh
This past week has been an encouraging one for the US dollar. And, considering the currency’s lack of appealing attributes; this performance speaks to ill-health for the broader financial markets. Read More Dollar and Risk Trends Tied to Holiday Liquidity Conditions
The ECB cut rates by 25 bps today, a surprise move as only a small minority expected a cut. Mr. Draghi said that the cut was unanimous and that it was made based on economic data (to avoid the impression that the ECB was cutting due to “market discipline”, though Read More Marios Cut is [...]
Due to sustained uncertainty in European financial markets and mounting growth concerns, the euro put in a weak performance. The euro’s slide, which had begun last Friday, continued at the beginning of the week, fuelled partly by doubts about the firepower of the EFSF, and the discussion about greater private Read More More Capital and [...]
FXstreet.com (C?rdoba) – The major central banks have decided to provide dollar liquidity. This has… For more information, read our latest forex news. Read More Forex Flash EUR USD liquidity plan not enough for an uptrend Commerzbank
FXstreet.com (Barcelona) – Asian markets are rallying on Friday, following strong performances in… For more information, read our latest forex news. Read More Asian markets advance after Central Banks liquidity action
To relieve funding pressures at European banks, the major European central banks and the BoJ will be conducting dollar liquidity operations in co-operation with the US Fed. This relieves the immediate pressure and encourages USD sell-off – but for how long? Read More Major Central Banks to Conduct USD Liquidity Operations
Though the US markets are offline to start the week this coming Monday in observation of the Labor Day holiday, we shouldn’t tune out for the dollar and FX markets. In fact, a pinch on liquidity could leverage a heated fundamental backdrop and generate tremendous volatility across the spectrum. Read More Dollar Facing a Severe [...]
Trichet joined the Swiss National Bank and the Bank of Japan of pumping more money into the banking system, by providing 6-month loans in a newly announced liquidity operation. That is an admission that monetary policy needs to help stimulate an economy that has started to see a “deceleration in Read More Trichet Pushes Off [...]
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