FX Daily

 

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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FX Daily
December 18, 2013 Posted by
The Federal Reserve could signal the start of the U.S. central bank's withdrawal of its economic stimulus today(11am PST)....
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FX Daily
December 17, 2013 Posted by
As the Fed begins its two-day policy-meeting on Tuesday, market participants in general expect no major policy change, but the Fed could start to lay the groundwork for a reduction in the Fed's economic stimulus
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FX Daily
December 16, 2013 Posted by
The euro rose against the dollar on Monday as data showed euro zone showed business activity picking up while uncertainty over the Federal Reserve's stimulus kept investors wary of the U.S. currency. German manufacturing ....
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FX Daily
December 13, 2013 Posted by
The pound and euro fell again against the dollar as traders took some reprieve after a stellar run for both currencies over the past week.
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FX Daily
December 12, 2013 Posted by
The Aussie fell over 1% this morning to a 3-month low against the dollar after Reserve Bank Governor Glenn Stevens commented that the currency should be closer to 0.85 cents USD to spur the country’s economy.
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