FX Daily

 

FX Daily
February 14, 2014 Posted by
The dollar extended its losses against most of its peers after a lackluster report on factory output. In addition, steady growth in Europe provided another boost to both the euro and pound.
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FX Daily
February 13, 2014 Posted by
The dollar fell after a report showed that retail sales in the U.S. were lower than expected last month. The weak numbers were affected by bad weather over the past month.
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FX Daily
February 12, 2014 Posted by
The pound rallied early after BOE Governor Carney reiterated his pledge to maintain a low rate environment, even as the U.K. economy has improved over the past year.
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FX Daily
February 11, 2014 Posted by
Fed Chairman Janet Yellen delivered her first testimony to Congress today, emphasizing that the labor market has improved but is far from being fully recovered. She also focused on maintaining continuity regarding QE and future reduction of asset purchases.
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FX Daily
February 10, 2014 Posted by
The yen strengthened for the first time in 3 days against the dollar and euro as traders fled for higher grounds after reports in France and Italy revealed weaker industrial production.
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FX Daily
January 30, 2014 Posted by
The Federal Open Market Committee announced yesterday that it will reduce its monthly bond purchases by $10 billion to $65 billion per month, consistent with its plan to gradually scale back quantitative easing. The Fed stated that economic growth has improved in recent months and the labor markets have shown modest improvement.
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FX Daily
January 29, 2014 Posted by
The Federal Open Market Committee announced today that it will reduce its monthly bond purchases by $10 billion to $65 billion from $75 billion, maintaining its plan to gradually withdraw from the current QE program.
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FX Daily
January 29, 2014 Posted by
Emerging stock and currency markets are under pressure again this morning. The Turkish central bank unexpectedly more than doubled benchmark repo rates from 4.50% to 10.00% overnight in a bid to stop the slide of the Lira precipitated by a slowdown in China and a reduction in U.S. monetary stimulus.
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FX Daily
January 28, 2014 Posted by
Janet Yellen takes over as Fed Chair at the end of the month and will confront the challenge of defusing a potential asset bubble fueled by stimulus without damaging the U.S. economy. The Fed concludes its 2 day policy meeting tomorrow, the last meeting with Bernanke at the helm, and will likely announce another $10 billion reduction to its monthly bond buying program, down to $65 billion.
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FX Daily
January 27, 2014 Posted by
ECB Governing Council Member Christian Noyer said that turmoil in emerging markets is unlikely to derail Europe’s recovery.  He commented that “the IMF has just revised upward its global growth forecast, so there’s no particular reason that Europe should be affected by the problems encountered by a small number of countries.”
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