FX Daily

 

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
October 07, 2013 Posted by
The week opens with the USD trading in tight ranges (JPY stronger via risk-off sentiment) as markets remained concerned that U.S. lawmakers will fail to reach an agreement on the budget and now the approaching debt ceiling issue.
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FX Daily
October 04, 2013 Posted by
We close the week with the USD slightly firmer as the partial government shutdown has now caused the U.S. jobs report for September to be indefinitely delayed, clouding the outlook for when the Federal Reserve may reduce its stimulus.
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FX Daily
October 03, 2013 Posted by
The USD slid to its weakest level of the year vs. the EUR as the U.S. government's partial shutdown added to concerns that economic growth will slow and prompt the Federal Reserve to further delay reducing its monetary stimulus.
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FX Daily
October 02, 2013 Posted by
The USD remains weak via "Government Shutdown Day 2". In early U.S. trading, the EUR spiked vs. the USD after ECB President Draghi refrained from signaling that any new measures are needed to boost Euroland's recovery.
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FX Daily
October 01, 2013 Posted by
The USD continues to slide today (lowest since February) as a partial shutdown of the U.S. government boosted speculation the Federal Reserve will continue on with its quantitative easing (QE) program.
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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 27, 2013 Posted by
The dollar weakened amid the budget and debt wrangling in Washington. The U.S. Senate is expected to vote today on a "clean" spending bill that would omit the defunding of Obamacare, which would need House approval before going to the President.
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FX Daily
September 26, 2013 Posted by
Equities rallied on GDP data that the U.S. accelerated growth in Q2 to 2.5 percent from 1.1 percent in Q1. The dollar strengthened again with very little economic news coming from abroad. However, the U.K. reported GDP growth increased 1.3 percent in the second quarter from a year earlier.
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