FX Daily

 

FX Daily
June 16, 2014 Posted by
The USD is generally firm today via continued Middle East tensions and elevated problems in the Ukraine. The yen rose across the board as flight-to-quality/risk-off trading takes hold, reaching a four-month high versus the EUR o/n.
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FX Daily
June 13, 2014 Posted by
The pound is surging today after comments by Governor Carney indicated that the BOE may increase rates ahead of expectations.
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FX Daily
June 12, 2014 Posted by
The dollar is trading weaker for a second day on a report that showed retail sales in May rose less than expected.
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FX Daily
June 11, 2014 Posted by
The dollar is softer today against G10 currencies, on news that the Fed may hold off on selling assets for years in their efforts to reverse QE.
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FX Daily
June 09, 2014 Posted by
The euro fell against most G10 currencies to start the trading week, after a report indicated a decline in investor confidence and record low foreign exchange volatility.
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FX Daily
June 06, 2014 Posted by
Despite the ECB having enacted unprecedented easing measures yesterday, the Euro has held up very well in trading. Normally currencies sell off in the wake of significant monetary stimulus, which negative deposit rates would surely constitute.
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FX Daily
June 05, 2014 Posted by

The ECB cut its deposit rate to minus .1% today in an effort to boost economic growth and avert the threat of deflation in the Euro region. There have been few instances of negative deposit rates throughout history, and they have generally been short lived.

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FX Daily
June 04, 2014 Posted by
The U.S. trade deficit soared by 6.9% in April to the highest level in 2 years as consumers purchased record amounts of automobiles, business equipment, and consumer goods from abroad.  The reading, at $47.2 billion, exceeded all of the 70 economists surveyed by Bloomberg.  Exports meanwhile were little changed from the prior month.
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FX Daily
June 03, 2014 Posted by
The Euro is stronger today on speculation that any further stimuli measures taken by the ECB will not be significant enough to further weaken the currency but will instead have the intended impact of rekindling growth.  The markets expect the ECB to lower the policy rate on Thursday from .25% to .10%.
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FX Daily
May 30, 2014 Posted by

The dollar eased against most major currencies today as

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