Edit
) no-repeat top center;background-size:cover'>

Dollar Mixed

May 04, 2011
The US dollar is mixed today.  The dollar-bloc is softer, led by the New Zealand dollar.  Th yen and Swiss franc are slightly softer as well.  The euro is firmer, as the pullback to $1.4780 in Asia was snapped up.  The persistent purchases of euro on relatively modest corrections and the rising interest rates suggest the late positioning in favori…
Dollar Mixed Dollar Mixed Reviewed by Marc Chandler on May 04, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Thoughts on Portugal's Package

May 03, 2011
Portugal's caretaker Prime Minister Socrates appears to have negotiated a better deal than Greece and Ireland.  The plan actually sanctions larger deficits that Socrates are pressed for, under pressure pressure from the EU and ECB when he was a minority government.  This is simply astounding.  
Less than two months ago, Socrates proposed addit…
Thoughts on Portugal's Package Thoughts on Portugal's Package Reviewed by Marc Chandler on May 03, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Odds the Euro Reaches $1.60

May 03, 2011
The euro is struggling to extend its advancing streak to the eleventh session. However, the main driver, of divergent monetary policy stances remains intact. In fact, news today that 3-month Euribor is at 2-year highs and 3-month Libor was fixed at its lowest level since March 2010, illustrates this force.
The word signals by Trichet on Thursday w…
Odds the Euro Reaches $1.60 Odds the Euro Reaches $1.60 Reviewed by Marc Chandler on May 03, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Euro Streak Ends ?

May 03, 2011
The euro has advanced for ten consecutive sessions coming into today.  Yesterday's failure to establish a foothold above $1.49 appears to have triggred a bout of profit-taking and the euro has retreated to yesterday's lows. 
Profit-taking is also being seen in the dollar bloc.  The Reserve Bank of Australia left rates on hold for the sixth…
Euro Streak Ends ? Euro Streak Ends ? Reviewed by Marc Chandler on May 03, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>
CNBC: Turning Point for Commodities & Dollar? CNBC: Turning Point for Commodities & Dollar? Reviewed by magonomics on May 02, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Catalysts for Change in the FX Driver

May 02, 2011
The main driver that has led to a persistent decline in the US dollar through the last several months is the divergent thrust of monetary policy. It has left the Federal Reserve as a laggard in the global cycle and, in turn, has left the dollar with little support. Indeed after performing well following the announcement of QEII last November, the …
Catalysts for Change in the FX Driver Catalysts for Change in the FX Driver Reviewed by Marc Chandler on May 02, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Dollar Mostly Firmer, but Euro even Firmer

May 02, 2011
The greenback is licking its recently inflecting wounds and has begun the week on somewhat firmer footing against most of the majors, except the euro and Swedish krona.  London markets are closed and so turnover appears soemwhat lighter than usual.  The general tone is consolidative in nature.  Outside of the death of Bin Laden, there were three d…
Dollar Mostly Firmer, but Euro even Firmer Dollar Mostly Firmer, but Euro even Firmer Reviewed by Marc Chandler on May 02, 2011 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.