FX Daily

 

FX Daily
June 03, 2014 Posted by
The Euro is stronger today on speculation that any further stimuli measures taken by the ECB will not be significant enough to further weaken the currency but will instead have the intended impact of rekindling growth.  The markets expect the ECB to lower the policy rate on Thursday from .25% to .10%.
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FX Daily
May 30, 2014 Posted by

The dollar eased against most major currencies today as

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FX Daily
May 29, 2014 Posted by

The USD was mostly weaker as the US GDP showed the economy shrank for the first time in three years, increasing the case for the Federal Reserve to maintain record-low

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FX Daily
May 22, 2014 Posted by

The dollar is rallying for a second day despite decent economic news coming from Europe.

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FX Daily
May 21, 2014 Posted by

The dollar rose against most counterparties ahead of the release of minutes from the Federal Reserve’s April meeting later today, with the exception of the pound.

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FX Daily
May 20, 2014 Posted by

There was little economic news today to stir the markets, and most currencies are trading near flat to the dollar.

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FX Daily
May 19, 2014 Posted by

The economic calendar is fairly sparse this week for G10 currencies, so volatility may remain weak once again.

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FX Daily
May 15, 2014 Posted by

The EUR has fallen to its lowest level in nearly three months after ECB Vice President Constancio said policy makers are prepared to add further monetary stimulus if needed.  His statement followed a very anemic GDP report for the first quarter (0.2% versus the expected 1.1%). 

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FX Daily
May 13, 2014 Posted by

The EUR is weaker today vs. the USD (5-week low) after the release of an anemic German investor confidence report that has now declined for a fifth straight month, fueling speculation the ECB may be forced to take measures to boost the region’s economy.

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FX Daily
May 09, 2014 Posted by
The Euro is under significant pressure again today following yesterday’s ECB announcement that left the door open to further policy easing in June.  Draghi indicated that ECB is “comfortable” acting if economic data remains weak or is revised lower and expressed frustration with a strong euro.
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