Insights

 

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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FX Daily
April 11, 2014 Posted by
We close the week with the USD slightly stronger as investor risk appetite is off the table today via the shrinking global equity markets.  On the economic release front, there’s very little to focus on, as most reports were as expected.
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FX Daily
April 10, 2014 Posted by
The USD is little changed from yesterday’s levels despite a very positive jobless claims report this morning. The report came in down 32k to 300k, which is the lowest number of new jobless claims since the last recession.
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FX Daily
April 09, 2014 Posted by
The USD is trading at its weakest level in nearly five months vs. most of the majors amid speculation that today’s release of the minutes of the Federal Reserve’s March meeting may undermine near-term bullish sentiment that fed the recent USD rally.
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