FX Daily

 

FX Daily
January 14, 2014 Posted by
The USD is little changed today despite a better-than-expected U.S. retail sales report this morning. The concern yesterday was that a weak report coupled with last Friday’s poor jobs report would signal the Fed to slow its planned tapering this year (USD negative).
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FX Daily
January 13, 2014 Posted by
Quiet markets prevail today after last Friday’s anemic U.S. jobs report. The USD is somewhat little changed today, with the yen gaining to a three-week high vs. the USD overnight ahead of tomorrow’s U.S. retail sales report (expected to reflect slowing growth).
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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 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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FX Daily
December 20, 2013 Posted by
The dollar hit a five-year high versus the yen on Friday as markets focused on the divergence between U.S. and Japanese monetary policy, driving U.S. Treasury yields higher after Wednesday's Fed decision
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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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