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FX Daily
March 04, 2014 Posted by
Global equity markets rebounded while bond yields rose and gold prices fell from a four month high as Russia stepped back from escalating tensions in Ukraine.  Russian president Putin said he’s not looking to take control of Crimea and would only send troops into Ukraine in an extreme situation.  
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FX Daily
March 03, 2014 Posted by
Geopolitical risk is at the forefront of market trading today as Russian troops enter Crimea.  The Ukraine is calling this an act of war and Washington has warned Russia of economic and political consequences.  Equity markets are trading lower on concern that a conflict in Russia could have economic fallout for the U.S. and Europe. 
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FX Daily
January 30, 2014 Posted by
The Federal Open Market Committee announced yesterday that it will reduce its monthly bond purchases by $10 billion to $65 billion per month, consistent with its plan to gradually scale back quantitative easing. The Fed stated that economic growth has improved in recent months and the labor markets have shown modest improvement.
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FX Daily
January 29, 2014 Posted by
Emerging stock and currency markets are under pressure again this morning. The Turkish central bank unexpectedly more than doubled benchmark repo rates from 4.50% to 10.00% overnight in a bid to stop the slide of the Lira precipitated by a slowdown in China and a reduction in U.S. monetary stimulus.
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FX Daily
January 28, 2014 Posted by
Janet Yellen takes over as Fed Chair at the end of the month and will confront the challenge of defusing a potential asset bubble fueled by stimulus without damaging the U.S. economy. The Fed concludes its 2 day policy meeting tomorrow, the last meeting with Bernanke at the helm, and will likely announce another $10 billion reduction to its monthly bond buying program, down to $65 billion.
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FX Daily
January 27, 2014 Posted by
ECB Governing Council Member Christian Noyer said that turmoil in emerging markets is unlikely to derail Europe’s recovery.  He commented that “the IMF has just revised upward its global growth forecast, so there’s no particular reason that Europe should be affected by the problems encountered by a small number of countries.”
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FX Daily
December 27, 2013 Posted by
The Euro hit a two-year high this morning against the USD after ECB Governing Council member Jens Weidmann stated keeping interest rates low may endanger political reforms.  Weidmann was quoted by Germany’s Bild newspaper saying low inflation should not be used as justification for loose monetary policy and that there will be a need to raise rates quickly if inflations return.
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FX Daily
December 23, 2013 Posted by
Richmond Fed president Jeffrey Lacker stated that the bond tapering was the right decision and Ben Bernanke’s upcoming departure did not influence the decision.  He stated that on a future basis, pauses or increases in the pace of tapering would be possible and is data dependent and the funds rate is likely to move in early 2015. 
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