FX Daily

 

FX Daily
August 11, 2015 Posted by
Curve ball from People’s Bank of China: one-off devaluation and change in fixing methodology.
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FX Daily
July 27, 2015 Posted by
The USD is materially lower today as global equities and commodities start the week in “sell-off” mode, via the market’s concern that anemic global growth will postpone the Fed’s initial interest rate hike later this year.
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FX Daily
July 24, 2015 Posted by
Emerging market currencies, including those from Asian countries, are hitting a slump this morning.
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FX Daily
July 23, 2015 Posted by
Currencies are trading a bit mixed this morning. The euro is stronger on news that Greek lawmakers are looking to pass a bill, which would pave the way for a new bailout plan.
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FX Daily
July 22, 2015 Posted by
The pound is the best performer today after minutes were released indicating that BOE officials are concerned of inflationary pressure, and will be more inclined to hike rates to maintain balance.
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FX Daily
July 21, 2015 Posted by
The U.S. dollar is weaker across the board this morning as traders are giving back recent gains.
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FX Daily
July 20, 2015 Posted by
The euro is showing some signs of life after the Greek government reopened its banks and released debt payments.
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FX Daily
July 15, 2015 Posted by
The IMF released an update on their assessment of Greece concluding that the Country’s debt has become highly unsustainable. The update is a crushing blow to Greece as it seeks to put in place an agreement for a third bailout with creditors.
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FX Daily
July 14, 2015 Posted by
The 17 hour marathon negotiations over the weekend between Greece and its creditors yielded a tentative understanding of what would be required for Greece to receive a 3rd bailout tranche. The terms are harsher than those rejected by Tsipras and by voters in the recent referendum, causing a rift within the Syriza party that will likely force a change in the coalition of parties currently in charge in Greece.
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FX Daily
July 07, 2015 Posted by
The Greek drama continues, hurting the EUR (now at a 5-week low vs. the USD) as EU finance ministers and leaders meet to discuss Greece’s fate.
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