In super-thin trading conditions, the US dollar rallied across the
board. A better-than-expected survey on consumer sentiment from the
University of Michigan was the spark for the USD rally (+91.7 vs 90.2
expected). However, do note that core PCE ( personal...
UK CBI reported that sales volumes at UK retailers rose at their fastest rate in two years
in December, suggesting a buoyant Christmas season. In its monthly
distributive trades survey, the CBI said a balance of +25 of retailers
reported higher sales in December, compared...
Today is just not USD's day. Despite US housing data and producer
prices coming in above market expectations, US dollar took a hit today.
This has got to do with the unexpected increase in the German IFO business sentiment index, which indicates robust economic growth ahead...
Latest: The Bank of Japan (BOJ) kept monetary policy unchanged by unanimous vote. BOJ said it will encourage the uncollateralized overnight call rate to remain around 0.25%. This outcome is in line with market expectations. This is the sixth meeting BOJ kept policy...
The US current account deficit widened, although slightly smaller than expected as oil imports and other foreign purchases rose.
The current account balance combines trade of goods and services,
transfer payments, and investment income. About 90% of the deficit is
A recap of last Friday: US factory orders saw the sharpest fall in six years
during October, dropping even more than expected (bad for USD), while
net foreign capital inflows increased more than expected (good for
USD). The shocking drop of factory orders is sending another...
The US dollar reached multi-week highs against the Japanese yen and
Euro yesterday after the TIC (Treasury International Capital) report
showing a healthy appetite by foreigners for US securities
spurred a bout of USD-buying. Net foreign acquisition of US securities
The Bank Of Japan Tankan survey came out in line with expectations, and shows a very moderate improvement
in corporate sentiment among big manufacturers, likely supported by the
continued strength of exports, production and corporate earnings. The
labor market is still tight,...
The US dollar seems to have gained favour with both the technical and
fundamental camps as it rose again today against other currencies.
Paring of USD shorts as well as stop hunting have resulted in the USD
going higher and higher, following today's firm US data. US...
The much better-than-expected US retail sales
served as a springboard for the US dollar yesterday, and it found
itself up across the board though it failed to break into new range. US
retail sales unexpectedly surged during November as shoppers flocked to
the malls and went...
The FOMC officials have met expectations, and kept their overnight target rate fixed at 5.25% for a fourth straight meeting. The move drew the support of all voting members except for Richmond Fed chief Jeffrey Lacker,
who has now racked up his fourth straight dissent, as...
According to the release 30 minutes ago, the US trade balance narrowed sharply during October, showing its biggest tumble in nearly.....5 years
as oil prices kept dropping and US exports managed a modest gain. US
trade deficit was at $58.87 billion, which was much lower than...
The US dollar slides further against the Euro after former Federal Reserve chief Alan Greenspan said he expected a "few years" of US dollar weakness, Reuters news agency reported. EUR/USD hit an intraday high of 1.3260 after......
ECB (European Central Bank) Governing Council member Guy Quaden said that the ECB has made no decisions yet
on whether interest rates will continue their steady climb in 2007.
Quaden also assuaged recent nerves over the Euro's steep rise against
the US dollar, saying that...