FXstreet.com (Barcelona) – The USD/CNH, or offshore USD/CNY, is trading with a mild bullish tone in… For more information, read our latest forex news. Read More Forex USD CNH sees pallid upward moves
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As expected, the Bank of Japan (BoJ) did not announce new easing measures in connection with today’s monetary meeting. The O/N target rate was left unchanged at 0.0-0.1%, the limit for its asset purchases programme was left unchanged at JPY20tr (expanded by JPY5tr at the previous meeting) and finally the Read More Bank of Japan [...]
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The Fed statement reiterated concerns about strains in global financial markets presenting downside risks to the economic outlook. The Fed acknowledged that the economy grew at a stronger pace in the third quarter of 2011 attributing some of the increase to "a reversal in temporary factors that had weighed on Read More US Fed Policy [...]
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Not surprisingly, the EUR/USD was knocked off of its perch overnight when markets realized that their expectations of a resolution to the Euro Zone debt crisis were too high for EU finance ministers to meet. After it was realized that this weekend?s summit of European leaders would offer no diminutive Read More Asia Session The [...]
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British economic growth slowed to 0.3pc in the three months to April from 0.5pc in the three months to March, the National Institute of Economic and Social Research said. Read More UK recovery slows, but Niesr sees no double dip
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Everything in the FX market is relative. That said, the dollar’s fundamentals improved heading into the end of this past trading week while its primary counterpart’s own health continued to deteriorate. Nevertheless, the trade-weighted Dollar Index hovered just off lows last seen back in December of 2009. How do we reconcile this inequity; and does [...]
Posted in FX News | Tagged 15month, and, Commentary, dollar, fed, forex, heat, hovers, inflation, just, lows, off, rally, sees, still, up
EUR: Portugal, Spain Worries Feed Already Risk-Averse Environment GBP: Rates Outlook Weakens but Euro Debt Fears Could Offer Support JPY: Yen to Rise as Intervention Efforts Target Volatility, Not Direction CAD, AUD, NZD: Comm Bloc Likely to Underperform as Stocks Fall Read More FOREX TREND MONITOR US Dollar Sees Lifeline in Risk Aversion
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In a sweeping report entitled “The World in 2050″, the bank predicts the greatest global boom of all time over the next forty years as the rising powers of Asia, the Middle East, and Latin America get into full stride. Read More HSBC sees China and America leading global megaboom
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The EU Summit is here and so far it seems there will be a minimalistic approach, centered around making sure there is a permanent mechansims to support countries with financing past t2013, the expiration of the current EFSF (European Financial Stabilization Fund). EU governments are close to agreeing on a Read More EU Summit Begins, [...]
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The US economy is a “fiscal train wreck” waiting to happen, US economist Nouriel Roubini warned on Friday. Read More Roubini sees US fiscal train wreck ahead
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FOREX Dollar Sees Inflation Rally, Fed Commentary Heat Up and Still Hovers Just Off 15Month Lows
Everything in the FX market is relative. That said, the dollar’s fundamentals improved heading into the end of this past trading week while its primary counterpart’s own health continued to deteriorate. Nevertheless, the trade-weighted Dollar Index hovered just off lows last seen back in December of 2009. How do we reconcile this inequity; and does [...]
Posted in FX News | Tagged 15month, and, Commentary, dollar, fed, forex, heat, hovers, inflation, just, lows, off, rally, sees, still, up | Leave a response