FX Daily

 

FX Daily
March 27, 2014 Posted by
The pound climbed for a fourth day versus the dollar as a report showing U.K. retail sales increased in February more than three times as much as economists forecast,  boosting demand for Britain’s currency
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FX Daily
March 24, 2014 Posted by
The Chinese yuan climbed the most in more than two years as the central bank strengthened the reference rate for the first time in five days.
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FX Daily
March 21, 2014 Posted by
The USD closes the week headed for its biggest weekly gain in nearly two months vs. the majors as many in the market believe the Fed is moving toward higher interest rates faster than previously expected.
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FX Daily
March 20, 2014 Posted by
The USD continues to strengthen across the majors (two week high vs. the EUR) after yesterday’s Fed announcement signaled they’ll probably raise interest rates by the middle of next year.
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FX Daily
March 19, 2014 Posted by
The Federal Reserve today announced that it is looking at a broad range of indicators in tying its benchmark interest rate decisions, and dropping the 6.5% unemployment threshold pledge.
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FX Daily
March 19, 2014 Posted by
The USD is slightly stronger today ahead of the FOMC rate announcement and Fed President Yellen’s first official press conference.  The Fed is expected to further reduce its bond-buying stimulus program by $10 billion and link its guidance on when it will begin raising interest rates to a range of economic indicators.  The Fed announcement will be at 2:00pm eastern.
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FX Daily
March 18, 2014 Posted by
The FX markets are relatively quiet despite Russian President Putin’s speech focusing on Ukraine and Crimea’s accession. The markets are interpreting Putin’s interest in Crimea won’t extend into other parts of eastern Ukraine, and sanctions by the EU and US will broaden to counter the situation.
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FX Daily
March 17, 2014 Posted by
Global equity markets have rallied today via lowered investor concerns surrounding the Crimea situation as yesterday’s vote to leave Ukraine didn't leade to further turmoil and s/t uncertainty.
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FX Daily
March 14, 2014 Posted by
The yen has been the big winner today, rising for a fifth day in a row as investors continue to look for safe havens ahead of the referendum that may lead to Crimea’s succession.
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FX Daily
March 13, 2014 Posted by
The dollar is getting crushed against all of its major counterparts this morning on U.S. retail sales. The euro reached the highest level in more than two years as the ECB signaled continued support for the region’s recovery.
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