FX Daily

 

FX Daily
May 05, 2014 Posted by
The labor department reported that employers added 288,000 jobs in April, the biggest monthly increase in two years.  Richard Fisher, Dallas Fed President, commented that the U.S. economy is “moving in the right direction” and “getting stronger”.
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FX Daily
April 30, 2014 Posted by

The FOMC today announced that it would continue to trim the pace of bond purchases, paring monthly buying to $45 billion.

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FX Daily
April 24, 2014 Posted by

The yuan dropped 0.18 percent, the biggest decline in two weeks, to close at 6.2489 per dollar in Shanghai. It touched 6.2509 earlier today, the weakest since Dec. 12, 2012. The currency has declined 3.1 percent this year, the biggest loss among Asia’s 11 top currencies.

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FX Daily
April 23, 2014 Posted by

The euro rose the most in two weeks versus the dollar as manufacturing and services in the currency bloc expanded more than economists forecast, damping bets the European Central Bank will further ease monetary policy.

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FX Daily
April 22, 2014 Posted by

The dollar remained lower against most of its top peers even after U.S. house prices rose in February. The 0.6 percent jump exceeded the median forecast for a 0.5 percent gain ....

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FX Daily
April 21, 2014 Posted by

It is a low volume/low news trading day as many financial markets are still on Easter Holiday. The JPY fell after Japan’s trade deficit widened more than expected last month.  

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FX Daily
April 16, 2014 Posted by

Currencies are a mixed bag this morning with China's GDP data driving the yen lower by 0.4%.

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FX Daily
April 15, 2014 Posted by

The dollar strengthened again today on better than expected inflation numbers, giving investors confidence that consumer buying remains strong.

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FX Daily
April 14, 2014 Posted by

The dollar rebounded to start the week on strong retail sales after getting trounced last week. Retail sales in the U.S. rose 1.1% in March and the data suggest that GDP for 1Q may get a boost from initial estimates.

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FX Daily
April 11, 2014 Posted by
We close the week with the USD slightly stronger as investor risk appetite is off the table today via the shrinking global equity markets.  On the economic release front, there’s very little to focus on, as most reports were as expected.
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