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FX Outlook
November 19, 2014 Posted by
The markets were again focused on JPY o/n, as the yen dropped to a 7-yr low vs. the USD on speculation Japan’s Prime Minister Abe will win the early election, renewing his ongoing mandate to pursue simulative monetary policies and corresponding structural changes.
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FX Daily
November 19, 2014 Posted by
The markets were again focused on JPY o/n, as the yen dropped to a 7-yr low vs. the USD on speculation Japan’s Prime Minister Abe will win the early election, renewing his ongoing mandate to pursue simulative monetary policies and corresponding structural changes.
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FX Daily
November 18, 2014 Posted by
The FX market again focused on Japan o/n as Prime Minister Abe called for an early election and announced the suspension of a planned sales-tax increase.  Abe also said he will dissolve parliament on Nov. 21.  JPY levels are relatively static despite hitting 117.00 o/n.  As a point of reference, JPY has now weakened by 7.3% in the past month.
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FX Daily
November 17, 2014 Posted by
The week starts with a major surprise in Japan o/n, as its economy unexpectedly sank into recession in Q2.  JPY is little changed vs. the USD this morning, but equity markets in Asia reacted negatively on the news.  The U.S. equity markets are opened slightly lower this morning, with Europe closing flat.
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FX Daily
October 24, 2014 Posted by

The week closes with the USD slightly weaker across the board via confirmation of an Ebola diagnosis in New York o/n.  The FOMC meets next week to discuss monetary policy, and is expected to maintain its current .25% o/n rates.

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FX Daily
October 22, 2014 Posted by
The USD is benefitting from a positive inflation report this morning (up 0.1% in Sept) vs. the negative report in August (-0.2%).  The firmer than expected CPI announcement offsets the fear of s/t deflation setting into the economy going into the last quarter of the year.
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FX Daily
October 21, 2014 Posted by
The USD is stronger again today via speculation the ECB will further expand its stimulus program to bolster growth in the Euroland bloc.  The ECB was seen purchasing bonds for a second day as part of President Draghi’s plan to boost lending, and Reuters also reported the central bank is now considering corporate debt purchases.
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FX Daily
October 20, 2014 Posted by
The week opens on a quiet note, with the USD slightly stronger vs. the EUR (adding to the biggest weekly gain since April). The market continues to speculate the Fed’ pace for interest-rate increases despite the appearance of slowing global growth.
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