The US dollar fell during the past trading week as traders continue to speculate whether the Federal Reserve is going to raise interest rates this year. The greenback demonstrated bigger losses versus its major counterparts and smaller versus the commodity-related ones. Fed Chairperson Janet Yellen was speaking this week, suggesting that monetary tightening will continue in 2016, albeit perhaps with slower pace than was initially … “Dollar Ends Week with Losses as Monetary Tightening Remains Uncertain”
Month: February 2016
Japanese Yen Trades Mixed as Officials Try to Talk it Down
Japanese yen is trading mixed today, but officials still see the relative strength of the currency as a problem to tackle. Continued strength from the yen sent Japanese stocks plunging today, and there are concerns that the economic recovery will be slowed by the latest developments. Yen is trading mixed today after seeing a surge in strength on global market volatility this week. The yen has pulled back a little against … “Japanese Yen Trades Mixed as Officials Try to Talk it Down”
ECB To Ease In March, Fed On Hold Till September,
Does EUR/USD have more room to rise? It took a break for now, but could certainly resume its upward move. Here is the explanation from Danske: Here is their view, courtesy of eFXnews: We now expect the ECB to accompany a 10bp rate cut in March with the introduction of a two-tier deposit rate system … “ECB To Ease In March, Fed On Hold Till September,”
Economic Data, Profit Taking Help US Dollar
US dollar is mostly higher today, thanks in large part to economic and to some profit taking. However, dollar gains might be limited, as the expectation of another rate hike from the Federal Reserve fades. One of the reasons the US dollar has been performing well recently is due to the fact that there have been expectations of further Fed rate hikes. However, analysts, after listening to Fed Chair Janet … “Economic Data, Profit Taking Help US Dollar”
Great Britain Pound Demonstrates Small Gains During Friday’s Trading
The Great Britain pound gained against its major rivals during the current trading session, but the gains were limited as traders remained worried about issues with global economy. This made them seek safer currencies. The sterling has some appeal as a haven from troubles in the continental Europe, but that appeal is diminished by uneven economic growth in Great Britain itself. Without stable economic expansion, the UK … “Great Britain Pound Demonstrates Small Gains During Friday’s Trading”
AUD Little Changed vs. USD, Gains on EUR
The Australian dollar was little changed against its US counterpart during Friday’s trading and was able to gain on the euro which has been hurt by lackluster economic data from the eurozone. Earlier today, Australian central bank’s chief was speaking, hinting at possibility of looser monetary policy. Glenn Stevens, Governor of the Reserve Bank of Australia, acknowledged that Australia’s “economic activity outside the resources sector has been gradually … “AUD Little Changed vs. USD, Gains on EUR”
Forex Crunch listed in Best Currency Blogs for 2016 –
This has been quite a week for Forex Crunch: after winning the Best Buy Side Analysis Contributor in FXStreet’s Best Awards 2016, Forex Crunch has been listed in the best currency blogs for 2016 – Analysis & Forecast in Money Transters Comparison’s list. Here is a quote from the reasoning for the choice: Forex Crunch was … “Forex Crunch listed in Best Currency Blogs for 2016 –”
JPY Intervention: ‘Hard To Justify And May Ultimately Fail’
A sharp and short lived spike on Thursday, February 11th seemed like the work of the Bank of Japan. And according to recent talk by governor Kuroda, they are “watching”. Can they succeed with intervention? Not so fast. Here is the opinion from HSBC: Here is their view, courtesy of eFXnews: Direct FX intervention remains a major threat on … “JPY Intervention: ‘Hard To Justify And May Ultimately Fail’”
Prospects of Monetary Easing Makes Swiss Franc Unattractive
The Swiss franc fell on Thursday and extended its move down on Friday as prospects of even more accommodative monetary policy made the currency less appealing to investors. While the franc is considered a safe currency, currently it has limited appeal due to desperate attempts of the Swiss National Bank to reinvigorate Switzerland’s economy. Such attempts involved implementing negative interest rates — the move that had a big negative impact on the Swissie. But … “Prospects of Monetary Easing Makes Swiss Franc Unattractive”
Riksbank Cuts Rates, Krona Mixed at Start of Friday’s Trading
The Swedish krona sank yesterday following the bigger-than-expected interest rate cut from the central bank of Sweden. Today, the currency continued to move lower versus the US dollar but rose a bit against the euro. The Riksbank slashed its main interest rate by 15 basis points to -0.5 percent. Analysts had expected a somewhat smaller cut in the neighborhood of 10 basis points. The central bank admitted that the Swedish economy demonstrated solid … “Riksbank Cuts Rates, Krona Mixed at Start of Friday’s Trading”