• Weekly Summary USD, EUR, GBP, JPY, AUD, CAD, MXN und CNY

    The USD begins the first week of 2012 on the defensive, dropping against all of its major counterparts, most notably the high?yielding commodity?linked currencies. However, in a broader view, the dollar remains well supported against its peers despite the Fed's increasingly dovish position. Since reaching an all?time low in early 2008, the dollar index has appreciated by nearly 13%, and is today little changed from its value two decades ago at the end of 1991. This long term stability reflec...
  • Weekly Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and MXN

    The USD is stronger this morning against all major currencies as a result of the third currency intervention of the year in Japan. This week's economic calendar will be dominated by three major events: the ISM tomorrow, the FOMC meeting ending on Wednesday, and non-farm payroll data on Friday.
  • Weekly Foreign Exchange market Summary 27/10/09

    The greenback had another mixed performance last week as it steadily lost ground against the EUR and GBP-breaching the critical $1.50 level versus the former-while recouping previous losses vis-à-vis the JPY and CAD. The undulating dollar was whipsawed by risk sentiment, and the continuing carry trade phenomenon in which investors borrow in the low yielding USD to fund their investments in other higher-yielding currencies and assets.
  • Weekly Foreign Exchange market Summary 21/09/2009

    The loonie reached a year-to-date high of 1.0599 vs. USD, breaking the psychological 1.06 barrier last Thursday after opening above 1.09 (1.0921 high) on Monday's session opening. This was in virtual lock-step with crude oil, which traded between $68.10 - $72.96, respectively.