Insights

 

FX Daily
August 20, 2014 Posted by
The strong dollar landscape continues today as the USD is now at an 11-month high versus the EUR.  The USD Index against a basket of major currencies has now gained 1.6% in the past month.  A major catalyst of the USD’s move this week has been focused on the possibility of higher interest rates in the near future.
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FX Daily
August 19, 2014 Posted by
The USD is trading at its strongest level versus the EUR (9-month high), after a very bullish housing report was released this morning.  Housing starts jumped 15.7% in July (highest in 8 months), adding to the theme that the U.S. economy continues to gain traction.  While the healthy report is significant, the USD is expected to remain somewhat range bound until the Fed begins sending out signals of tightening.
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FX Daily
August 18, 2014 Posted by
The USD continues to strengthen versus the EUR after a bullish housing market report this morning for the month of August.  The dollar is now trading at a 7-month high against the EUR, as a result of the accelerating U.S. economic landscape.
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FX Daily
June 19, 2014 Posted by

The USD has dropped to a one-month low today vs. the majors as a result of yesterday’s Fed announcement, as Chairman Yellen indicated the central bank will maintain interest rates near zero for a “considerable time”. 

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FX Daily
June 17, 2014 Posted by
The USD is benefitting/strengthening across the board this morning after the release of the U.S. CPI report indicating inflation accelerated in May faster-than-expected (0.4% vs. 0.2%). The timing of the inflation report coincides with the FOMC 2-day meeting that starts today.
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FX Daily
June 16, 2014 Posted by
The USD is generally firm today via continued Middle East tensions and elevated problems in the Ukraine. The yen rose across the board as flight-to-quality/risk-off trading takes hold, reaching a four-month high versus the EUR o/n.
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FX Daily
May 15, 2014 Posted by

The EUR has fallen to its lowest level in nearly three months after ECB Vice President Constancio said policy makers are prepared to add further monetary stimulus if needed.  His statement followed a very anemic GDP report for the first quarter (0.2% versus the expected 1.1%). 

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FX Daily
May 13, 2014 Posted by

The EUR is weaker today vs. the USD (5-week low) after the release of an anemic German investor confidence report that has now declined for a fifth straight month, fueling speculation the ECB may be forced to take measures to boost the region’s economy.

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