Judgment Time for the US Dollar as Market Prices in a great Chance for 75bp Cut
The number one driver of the US dollar at the moment is interest rates, that is why we continue to focus on how many basis points the Federal Reserve will be shaving off the Fed funds rate at the end of the month. ...Read More
Aussie dollar recovers on firm data, rate outlook
The Australian dollar regained early losses on Monday after strong domestic data reinforced views that local interest rates were headed higher in the near term, helping offset a bout of risk aversion.
Steadier regional stock markets, aided by talk of capital injection into beleaguered U.S. ...
Last week’s currency trading review
The Dollar continued to struggle against the majors despite finding some support in the beginning of the week. ...Read More
US: Non−manufacturing confidence holds up well in October
The ISM survey showed that activity growth accelerated slightly last month, contrary to the manufacturing survey that reported last week slower activity growth. ...Read More
Sterling scared off by bad data
The EUR/USD retreated slightly during yesterday’s trading from the 1.45 area to the 1.4470, but this never gave the impression of being able to carry far. ...Read More
USD falls further despite expected US interest rate cut
New Zealand dollar
Business confidence gives NZD timely boost. ...