The dollar is ending the week in a mixed fashion as dealers consider a more gradual ease from the Federal Reserve at the forthcoming FOMC meeting in two weeks time, which by implication could mean a rethink on the pace of recent dollar weakness. But th…
With speculations about further quantitative easing and possible currency agreements dominating this week’s trading, the meeting of G20 central bankers is going to continue to be the focus coming to next week and will likely provide a volatile trading …
The pound has slumped to a daily low of 1.1226 against the Euro. This break through technical resistance could see further declines from here towards the next level of support between 1.10 and 1.0950. It is remarkable how quickly the Euro has strengthe…
Strength in a measure of core European manufacturing growth today bolstered the euro against the dollar highlighting the doubt over any further need to stimulate the economies of the Eurozone. A growth-check in China also led investors to conclude that…
U.S. Treasury Secretary Timothy Geithner has finally spoken on the subject of the US Dollar. His comments came in response to questions from the Silicon Valley crowd. According to Mr. Geithner, “US will not engage in dollar devaluation.
There are many reasons for why the EUR/USD should continue to rise, the strongest of which has been the Federal Reserve’s plans to ease monetary policy. However, there is another reason why the uptrend in the EUR/USD has been so strong. The following…
Today as expected has seen a decline in the pound against all of the majors. The Bank of Englands minutes have shown a three way split in policy, with Andrew Sentance voting for a rate hike and Adam Posen voting for more QE.
The Swedish krona has undergone one of its strongest rallies in recent memory these past few days after the Riksbank Deputy Governor Barbro Wickman-Parak delivered a hawkish statement last Thursday. The SEK climbed to a 2-year high against the US dolla…
The British pound is proving to be the exception today as dealers appetite for anything other than the dollar steps up. The whiff of further quantitative easing is heavy in the air and dealers remain cautious ahead of the release this afternoon of the …
Today we have seen some respite for the USD. The Dollar has made gains against most currencies today as US Treasury Secretary, Timothy Geithner has said that the US will work to preserve confidence in a strong currency and will not work to devalue thei…
The euro has been trading down somewhat against a number of its rivals due to anticipation for today’s news releases. It appears the euro zone is publishing a series of data reports today which could carry a high impact on the 16-nation single curren…
Complaints of many countries about increased value of their currencies continue. And about the most outspoken is Brazil, or more precisely Finance Minister Guido Mantega, the very same who introduced the term “currency war” into recent headli…
With a week relatively light on US data, investor eyes will be squarely zeroed in on Federal Reserve speakers. The Fed could offer clues about a possible plan to stimulate the US economy through a fresh round of asset purchases this week; discussion of…
A big miss by me this past week. I thought for sure we would see the BoJ at around 81.80. But they were a no show and we closed NY much lower at 81.40. In hindsight I missed a big factor in the equation. The talk of currency wars has elevated in every …
Last week the Dollar pulled back from the abyss; was this the first stage of a trend reversal? Also, the Canadian Loonie broke parity but celebrations were short-lived. In the midst of the Dollar’s doom and gloom,