FX Daily

 

FX Daily
April 24, 2014 Posted by

The yuan dropped 0.18 percent, the biggest decline in two weeks, to close at 6.2489 per dollar in Shanghai. It touched 6.2509 earlier today, the weakest since Dec. 12, 2012. The currency has declined 3.1 percent this year, the biggest loss among Asia’s 11 top currencies.

Read More
0 Comments | Join the Discussion

FX Daily
April 23, 2014 Posted by

The euro rose the most in two weeks versus the dollar as manufacturing and services in the currency bloc expanded more than economists forecast, damping bets the European Central Bank will further ease monetary policy.

Read More
0 Comments | Join the Discussion

FX Daily
April 22, 2014 Posted by

The dollar remained lower against most of its top peers even after U.S. house prices rose in February. The 0.6 percent jump exceeded the median forecast for a 0.5 percent gain ....

Read More
0 Comments | Join the Discussion

FX Daily
April 21, 2014 Posted by

It is a low volume/low news trading day as many financial markets are still on Easter Holiday. The JPY fell after Japan’s trade deficit widened more than expected last month.  

Read More
0 Comments | Join the Discussion

FX Daily
April 16, 2014 Posted by

Currencies are a mixed bag this morning with China's GDP data driving the yen lower by 0.4%.

Read More
0 Comments | Join the Discussion

FX Daily
April 15, 2014 Posted by

The dollar strengthened again today on better than expected inflation numbers, giving investors confidence that consumer buying remains strong.

Read More
0 Comments | Join the Discussion

FX Daily
April 14, 2014 Posted by

The dollar rebounded to start the week on strong retail sales after getting trounced last week. Retail sales in the U.S. rose 1.1% in March and the data suggest that GDP for 1Q may get a boost from initial estimates.

Read More
0 Comments | Join the Discussion

FX Daily
April 11, 2014 Posted by
We close the week with the USD slightly stronger as investor risk appetite is off the table today via the shrinking global equity markets.  On the economic release front, there’s very little to focus on, as most reports were as expected.
Read More
0 Comments | Join the Discussion

FX Daily
April 10, 2014 Posted by
The USD is little changed from yesterday’s levels despite a very positive jobless claims report this morning. The report came in down 32k to 300k, which is the lowest number of new jobless claims since the last recession.
Read More
0 Comments | Join the Discussion

FX Daily
April 09, 2014 Posted by
The USD is trading at its weakest level in nearly five months vs. most of the majors amid speculation that today’s release of the minutes of the Federal Reserve’s March meeting may undermine near-term bullish sentiment that fed the recent USD rally.
Read More
0 Comments | Join the Discussion