FX Daily

 

FX Daily
October 16, 2013 Posted by
The FX market is focused on Washington again. This morning, the USD gather strength as report say the Senate negotiators are "very close" to a deal on the debt limit extension on government funding bill.
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FX Daily
October 15, 2013 Posted by

 USD strength is theme of the day as we enter Day 15 of US shutdown. The USD is supported as optimism grows that Congress will reach some agreement on the US debt limit and the partial government shutdown.

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FX Daily
October 11, 2013 Posted by
Economists have voiced concerns that hitting the debt ceiling, even if funds were put aside to pay debt holders, would do harm to the U.S. economy.
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FX Daily
October 10, 2013 Posted by
The USD is trading stronger along with the global stock markets this morning after U.S. lawmakers signaled a willingness to increase the debt ceiling on a short term basis.
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FX Daily
October 09, 2013 Posted by
The U.S. Treasury has the ability to avoid a debt default if Congress fails to raise the debt ceiling, by directing tax proceeds to meet principal and interest payments on debt; Janet Yellen's Fed nomination is expected.
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FX Daily
October 08, 2013 Posted by
The IMF cut its global outlook for growth for the next two years as weak capital outflows hurt emerging markets. Global growth figures were revised to 2.9% for this year and 3.6% for next year from 3.1% and 3.8%.
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FX Daily
October 07, 2013 Posted by
The week opens with the USD trading in tight ranges (JPY stronger via risk-off sentiment) as markets remained concerned that U.S. lawmakers will fail to reach an agreement on the budget and now the approaching debt ceiling issue.
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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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