FX Daily

 

FX Daily
October 04, 2013 Posted by
We close the week with the USD slightly firmer as the partial government shutdown has now caused the U.S. jobs report for September to be indefinitely delayed, clouding the outlook for when the Federal Reserve may reduce its stimulus.
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FX Daily
October 03, 2013 Posted by
The USD slid to its weakest level of the year vs. the EUR as the U.S. government's partial shutdown added to concerns that economic growth will slow and prompt the Federal Reserve to further delay reducing its monetary stimulus.
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FX Daily
October 02, 2013 Posted by
The USD remains weak via "Government Shutdown Day 2". In early U.S. trading, the EUR spiked vs. the USD after ECB President Draghi refrained from signaling that any new measures are needed to boost Euroland's recovery.
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FX Daily
October 01, 2013 Posted by
The USD continues to slide today (lowest since February) as a partial shutdown of the U.S. government boosted speculation the Federal Reserve will continue on with its quantitative easing (QE) program.
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FX Daily
September 30, 2013 Posted by
The Japan yen is stronger today vs. the USD via risk trading as political wrangling about the U.S. budget threatened a partial government shutdown tomorrow, boosting demand for safer assets.
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FX Daily
September 27, 2013 Posted by
The dollar weakened amid the budget and debt wrangling in Washington. The U.S. Senate is expected to vote today on a "clean" spending bill that would omit the defunding of Obamacare, which would need House approval before going to the President.
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FX Daily
September 26, 2013 Posted by
Equities rallied on GDP data that the U.S. accelerated growth in Q2 to 2.5 percent from 1.1 percent in Q1. The dollar strengthened again with very little economic news coming from abroad. However, the U.K. reported GDP growth increased 1.3 percent in the second quarter from a year earlier.
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FX Daily
September 25, 2013 Posted by
The euro and pound advanced against the dollar on solid sales data in the U.K. and continued concern that budget talks in Washington may result in a government shutdown. Both currencies are threatening to trade near a 7-month high as optimism for recovery in the euro region has grown.
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FX Daily
September 24, 2013 Posted by
The dollar gained early on speculation that the Federal Reserve may still taper, given comments made by a handful of Fed Bank Presidents. Both the euro and pound weakened accordingly. The market is still looking for more clues from policy makers regarding its direction and will be focusing again on the next payroll numbers.
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FX Daily
September 23, 2013 Posted by
The big story was that Chancellor Merkel won a decisive vote for a third term, and is expected to form a coalition with the Social Democratic Party (SPD). As a result, market participants expect that the political and economic direction in the euro-region will stay the course. In the Pacific, the Australian dollar climbed against most of the majors on good manufacturing data from China.
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