Insights

 

FX Daily
December 06, 2013 Posted by
The USD is little changed this morning despite a very strong U.S. jobs report. The Labor Department reported payrolls increased by 203k in Nov. (Oct. was revised higher @ 204K) and the unemployment rate fell to 7% (from Oct.’s 7.3%).
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FX Daily
December 05, 2013 Posted by
The USD is weaker vs. the EUR today (five-week low) as ECB President Draghi gave no indication that policy makers will introduce a negative deposit rate to spur growth. At their rate meeting today, they left its benchmark interest rate at the record low of 0.25%
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FX Daily
December 03, 2013 Posted by
The tone of the market today is focused on “risk off” as Friday’s U.S. jobs reports loom large.  Based on that theme, JPY is off its six-month low vs. the USD as global investors look for more evidence as to when the Fed will reduce stimulus (QE) that has weakened the dollar since July. 
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FX Daily
December 02, 2013 Posted by
The week opens with the yen continuing its slide (weaker) vs. the majors, now at a six-month low after various economic reports in China, Europe and the UK showed continued expansion in November. Increased global investor demand for risk taking is reducing the role JPY is used as a “carry trade” currency.
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FX Daily
November 22, 2013 Posted by
The USD is stable today despite a stronger-than-anticipated German business confidence report for November, signaling to the markets that the economic recovery in Euroland is gaining momentum.
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FX Daily
November 20, 2013 Posted by
Quiet FX markets are the theme today with the yen strengthening from a four-year low vs. the euro as a Japanese official made comments surrounding reforms of Japan’s government-run pension fund may take years to implement.
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FX Daily
September 27, 2013 Posted by
The dollar weakened amid the budget and debt wrangling in Washington. The U.S. Senate is expected to vote today on a "clean" spending bill that would omit the defunding of Obamacare, which would need House approval before going to the President.
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FX Daily
September 25, 2013 Posted by
The euro and pound advanced against the dollar on solid sales data in the U.K. and continued concern that budget talks in Washington may result in a government shutdown. Both currencies are threatening to trade near a 7-month high as optimism for recovery in the euro region has grown.
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