FX Daily

 

FX Daily
November 07, 2013 Posted by
Nobel laureate Paul Krugman wrote a paper to be presented at the International Monetary Fund conference today. In his paper, Krugman argues that the U.S. and U.K. are immune from the type of debt crisis that plagued five Eurozone countries because they borrow in their own currency and aren’t part of a monetary union.

 

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FX Daily
November 06, 2013 Posted by
Two separate Fed staff research papers were posted on the IMF’s website in advance of the conference that starts tomorrow in Washington. These papers indicate that maintaining a loose policy in a time of low inflation expectations is effective for driving down unemployment and economic slack.
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FX Daily
November 05, 2013 Posted by
The South African Reserve Bank plans to start diversifying its foreign currency reserves by adding Korean Won, Australian dollars, and New Zealand dollars. The Bank stated that it “is acutely aware of the risks facing the global environment emanating from asset tapering, and with this in mind, made a strategic decision to diversify its currency exposure to help insulate reserves from the potential rise in U.S. Treasury yields.”
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FX Daily
November 04, 2013 Posted by
The USD is weaker against most majors this morning, driven in part by stronger data overseas. The Euro came off of six-week lows against the USD after the Eurozone PMI release showed manufacturing in the region expanded for the fourth straight month.
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FX Daily
November 01, 2013 Posted by
The dollar was stronger this morning, as speculations for a rate cut from the ECB drove the euro down for a fifth consecutive day.
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FX Daily
October 31, 2013 Posted by
The EUR is weaker today against the USD after the release of inflation and employment reports. The weak data is fueling speculations that the ECB will cut rates to support the region's recovery.
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FX Daily
October 30, 2013 Posted by
The Federal Reserve today announced that it will continue its $85 billion monthly asset purchase program.
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FX Daily
October 30, 2013 Posted by
The USD is slightly weaker going into the FOMC news conference later today. The expected "no action" policy statement by the Fed via their QE program will be followed up with comments related to the recent government shutdown.
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FX Daily
October 29, 2013 Posted by
The dollar strengthened against its peers as the market prepares for the FOMC decision tomorrow. Retail sales data and PPI were mostly in line with forecasts, indicating that consumer buying remains stable and inflation continues to be benign.
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FX Daily
October 28, 2013 Posted by
There were very little news today and markets are mostly quiet ahead of the FOMC meeting later this week. In Asia, the yen weakened on comments that the Bank of Japan will continue its easing monetary program until it reached its inflation target.
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