Insights

 

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 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 04, 2014 Posted by
Dallas Federal Reserve Bank President Richard Fisher commented yesterday that the Central Bank should not commit to 'calendar-based' policy but it instead should use guidance that will allow it to adjust for changes in economic conditions. Fisher stated, "I question if it is sound policy to remove all uncertainty or volatility from the market.”
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FX Daily
April 03, 2014 Posted by
The Euro is trading roughly .5% lower today after multiple data releases. The ECB left rates unchanged as expected at .25%. The region’s inflation reading hit a new cyclical low of .5% year/year in March as measured by the March HICP, increasing the risk of deflation for the region.
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