FX Daily

 

FX Daily
March 04, 2015 Posted by
The euro slid to the weakest level since 2003 as reports showed Europe’s economic-growth outlook diverging from the U.S. as the European Central Bank prepares to add.....
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FX Daily
March 03, 2015 Posted by
The Australian dollar led currencies of commodity-producing nations higher after the nation’s central bank refrained....
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FX Daily
March 02, 2015 Posted by
China’s yuan fell to the lowest in more than two years, money-market rates dropped and most stocks advanced after the central bank cut benchmark borrowing ....
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FX Daily
February 19, 2015 Posted by
The USD sold off yesterday after the FOMC minutes were released, alluding to a more “dovish” Fed via future rate hike(s) later in the year.  Many in the markets continue to believe the tight U.S. labor sector will work its way into positive inflation pressures and higher s/t rates (USD positive).
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FX Daily
February 18, 2015 Posted by
The USD is trading slight stronger today vs. the G10 universe as the market continues to wait for a Greek debt resolution.
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FX Daily
February 17, 2015 Posted by

The FX markets were somewhat volatile yesterday (via the U.S. holiday) as the situation in Greece continues to play out with high drama between Greece and European leaders in Brussels.  EUR initially weakened to the low 1.13’s yesterday as talks broke down over the weekend for a quick agreement over bailout terms, and raised the perceived risk of Greece leaving the euro.  Today’s turnaround (EUR strength) was more about covering shorts in the market as EUR touched 1.1450 in European trading before settling to current levels.

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FX Daily
February 13, 2015 Posted by
The euro is gaining as the discussion in Europe for a Greek resolution regarding its debts eases political tension.
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FX Daily
February 12, 2015 Posted by
There are times when reality is more interesting than fiction. Yesterday media outlets reported that Greece had agreed to move forward with a bailout extension.
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FX Daily
February 11, 2015 Posted by
The Greek saga continues as the country appeared to strike and conciliatory tone with its creditors only to be rebuffed by Germany. Yesterday, Greek Finance Minister Yanis Varoufakis stated that his country would implement 70 percent of the reforms included in the current bailout package.
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FX Daily
February 09, 2015 Posted by
Greece is once again rattling markets as fallout from their potential to exit the Euro topped the list of concerns in the G20 meeting that began today in Istanbul. A parallel to the Lehman crisis is being drawn insomuch as a disorderly exit of Greece from the euro could trigger a flight to quality by investors that may result in bank runs and another downturn in the global economy.
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