FX Daily

 

FX Daily
May 19, 2014 Posted by

The economic calendar is fairly sparse this week for G10 currencies, so volatility may remain weak once again.

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FX Daily
May 15, 2014 Posted by

The EUR has fallen to its lowest level in nearly three months after ECB Vice President Constancio said policy makers are prepared to add further monetary stimulus if needed.  His statement followed a very anemic GDP report for the first quarter (0.2% versus the expected 1.1%). 

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FX Daily
May 13, 2014 Posted by

The EUR is weaker today vs. the USD (5-week low) after the release of an anemic German investor confidence report that has now declined for a fifth straight month, fueling speculation the ECB may be forced to take measures to boost the region’s economy.

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FX Daily
May 09, 2014 Posted by
The Euro is under significant pressure again today following yesterday’s ECB announcement that left the door open to further policy easing in June.  Draghi indicated that ECB is “comfortable” acting if economic data remains weak or is revised lower and expressed frustration with a strong euro.
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FX Daily
May 07, 2014 Posted by
The USD is little changed in today’s trading.  Fed Chair Janet Yellen’s dovish comments in prepared testimony for the Joint Economic Committee provides insight into the current FOMC thoughts about the economy.
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FX Daily
May 06, 2014 Posted by
The USD is under pressure today, trading at its lowest levels since October as measured by the Bloomberg Dollar Spot Index, which measures the currency relative to 10 major counterparts.  The decline in the value of the USD is attributed to some extent by continued Fed stimulus and low yields on treasury securities.
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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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