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FX Daily
February 11, 2014 Posted by
Fed Chairman Janet Yellen delivered her first testimony to Congress today, emphasizing that the labor market has improved but is far from being fully recovered. She also focused on maintaining continuity regarding QE and future reduction of asset purchases.
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FX Daily
February 10, 2014 Posted by
The yen strengthened for the first time in 3 days against the dollar and euro as traders fled for higher grounds after reports in France and Italy revealed weaker industrial production.
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FX Daily
January 29, 2014 Posted by
The Federal Open Market Committee announced today that it will reduce its monthly bond purchases by $10 billion to $65 billion from $75 billion, maintaining its plan to gradually withdraw from the current QE program.
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FX Daily
January 10, 2014 Posted by
The nonfarm payroll data was disappointing to say the least, with a gain of only 74K for December. The forecast was for 200K, but November was revised up 38K to 241K.
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FX Daily
January 09, 2014 Posted by
The Canadian dollar weakened to a 4-year low against the U.S. dollar, and fell against all its major peers as data showed that housing starts and building permits in the country fell.
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FX Daily
January 08, 2014 Posted by
The dollar followed up on its gains after a strong ADP number this morning. Private payrolls rose 238K in December, which was above expectations and the most in a year.
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FX Daily
January 07, 2014 Posted by
The dollar was mostly stronger this morning on limited global economic reports. Last night, Janet Yellen was confirmed to be the next Federal Reserve Chairman with a vote of 56-26, a record low for any chairman.
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FX Daily
December 18, 2013 Posted by
The Federal Open Market Committee today announced that it plans to reduce its monthly bond purchases to $75 billion from $85 billion.
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