Insights

 

FX Daily
November 05, 2013 Posted by
The South African Reserve Bank plans to start diversifying its foreign currency reserves by adding Korean Won, Australian dollars, and New Zealand dollars. The Bank stated that it “is acutely aware of the risks facing the global environment emanating from asset tapering, and with this in mind, made a strategic decision to diversify its currency exposure to help insulate reserves from the potential rise in U.S. Treasury yields.”
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FX Daily
November 04, 2013 Posted by
The USD is weaker against most majors this morning, driven in part by stronger data overseas. The Euro came off of six-week lows against the USD after the Eurozone PMI release showed manufacturing in the region expanded for the fourth straight month.
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FX Daily
October 11, 2013 Posted by
Economists have voiced concerns that hitting the debt ceiling, even if funds were put aside to pay debt holders, would do harm to the U.S. economy.
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FX Daily
October 09, 2013 Posted by
The U.S. Treasury has the ability to avoid a debt default if Congress fails to raise the debt ceiling, by directing tax proceeds to meet principal and interest payments on debt; Janet Yellen's Fed nomination is expected.
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FX Daily
October 08, 2013 Posted by
The IMF cut its global outlook for growth for the next two years as weak capital outflows hurt emerging markets. Global growth figures were revised to 2.9% for this year and 3.6% for next year from 3.1% and 3.8%.
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FX Daily
September 30, 2013 Posted by
The Japan yen is stronger today vs. the USD via risk trading as political wrangling about the U.S. budget threatened a partial government shutdown tomorrow, boosting demand for safer assets.
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FX Daily
September 24, 2013 Posted by
The dollar gained early on speculation that the Federal Reserve may still taper, given comments made by a handful of Fed Bank Presidents. Both the euro and pound weakened accordingly. The market is still looking for more clues from policy makers regarding its direction and will be focusing again on the next payroll numbers.
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FX Daily
September 18, 2013 Posted by
Finally, the day of the FOMC has arrived. The dollar traded at almost a five‐ week low before the Federal Reserve announces whether it will slow its $85 billion of monthly bond purchases that have capped borrowing costs. Among 64 economists surveyed by Bloomberg News, 33 predict the Fed will taper its purchases of Treasuries by $5 billion or less, with 31 forecasting a cut of $10 billion or more.
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