Forexperts Archives

Daily currency analysis - May 11

The Euro dipped to a two-month low below 1.53 against thedollar in early Europe on Thursday, but then secured a firmer tone during theday.As expected, the ECB left interest rates on hold at 4.00%following the latest council meeting and the main focus was on the statementfollowing the announcement. E... (May 11, 2008 12:00PM)

Daily currency analysis - May 10

The Euro dipped to a two-month low below 1.53 against thedollar in early Europe on Thursday, but then secured a firmer tone during theday.As expected, the ECB left interest rates on hold at 4.00%following the latest council meeting and the main focus was on the statementfollowing the announcement. E... (May 10, 2008 12:00PM)

Daily currency analysis - May 9

The Euro dipped to a two-month low below 1.53 against thedollar in early Europe on Thursday, but then secured a firmer tone during theday.As expected, the ECB left interest rates on hold at 4.00%following the latest council meeting and the main focus was on the statementfollowing the announcement. E... (May 09, 2008 12:00PM)

Daily currency analysis - May 8

The Euro was unable to hold above the 1.55 level againstthe dollar on Wednesday and weakened steadily during the day.In this context, the Euro-zone data during the day wasnegative for the currency. Retail sales fell by 0.4% in March which triggered arecord annual decline of 1.6%. In addition, German... (May 08, 2008 12:00PM)

Daily currency analysis - May 7

122 per barrel.Following the PMI services-sector indexincrease to 52.0 for April from 49.6, reported on Monday, there were nosignificant data releases on Tuesday. The data releases over the past week willunderpin the case for the Federal Reserve to keep interest rates on hold at thenext FOMC meeting... (May 07, 2008 12:00PM)

Daily currency analysis - May 6

The dollar consolidated in a 1.5450 - 1.55 range on Friday ahead ofthe US employment data on Friday.The latest US non-farm payroll report recorded an employment declineof 20,000 for April after a revised 81,000 drop the previous month.Manufacturing and construction employment continued to weaken, bu... (May 06, 2008 12:00PM)

Daily currency analysis - May 5

The dollar consolidated in a 1.5450 - 1.55 range on Friday ahead ofthe US employment data on Friday.The latest US non-farm payroll report recorded an employment declineof 20,000 for April after a revised 81,000 drop the previous month.Manufacturing and construction employment continued to weaken, bu... (May 05, 2008 12:00PM)

Daily currency analysis - May 1

The dollar pushed to highs around 1.5520 against the Euro after theslightly firmer than expected US data before drifting back to 1.5570 ahead ofthe FOMC decisionThe advance report for first-quarter GDP recorded growth at a 0.6%annualised rate compared with an expected 0.2%. There was a further sharp... (May 01, 2008 12:00PM)

Daily currency analysis - Apr 30

The dollar strengthened in early Europe on Tuesday with gains tojust beyond 1.5550. The Euro recovered ground after the US data releases, but wasunable to hold above the 1.56 level and drifted weaker later in New York.The US data remained generally weak, but failed to have a majorimpact. The Case-Sh... (Apr 30, 2008 12:00PM)

Daily currency analysis - Apr 29

The markets were unable to break any key technical levels during Mondaywith caution ahead of key US events later this week. The dollar weakened tolows around 1.5690 against the Euro in European trading before gaining stronglyto 1.5600 and settling around 1.5640.There has been further speculation tha... (Apr 29, 2008 12:00PM)

Daily currency analysis - Apr 28

The dollar strengthened to highs near 1.5550 against the Euro inEuropean trading on Friday before being subjected to a corrective reversalfollowing strong gains over the previous 24-hour period.The revised University of Michigan consumer confidence index edgedlower to 62.5 for April from a provision... (Apr 28, 2008 12:00PM)

Daily currency analysis - Apr 27

The Euro was unable to make any headway in early Europe on Thursdayand weakened sharply over the rest of the day.The German IFO index weakened to 102.4 in April from 104.8 theprevious month which was significantly below expectations. The sharply monthlydownturn will increase fears over a significant... (Apr 27, 2008 12:00PM)

Hans S. Nilsson

James A. Hyerczyk

Lena Manousarides

Ashraf Laidi

• Michael Woolfolk, economist at Bank of New York
• Thomson Financial News - "The dollar appears set for a period of renewed stability in 2008 as long as interest rate differentials and the US credit crisis do not deteriorate any further." Michael Woolfolk

• Katarzyna Zajdel-Kurowska, polish deputy finance minister
• Thomson Financial News - "The biggest threat for inflation next year remains fuel prices and rising global demand for agricultural produce. We can, however, assume that together with a likely fall in food prices in the second half of next year inflation will start to fall. It is clear that the recent rise in inflation is due chiefly to ri... Katarzyna Zajdel-Kurowska

• Robert Brusca, economist at FAO Economics
• Reuters - "This is still a big deficit even though we had some modest reduction. Some of that progress is due to the fact that imports have been restrained and the economy is weakening." Robert Brusca

• Carlos Leitao, chief economist at Laurentian Bank
• Reuters - "The prevailing view is that Canadian inflation trends resemble U.S. inflation, which is not the case. And so when the numbers come out tomorrow, I think that will probably wake people up. And it will give the Bank of Canada all sorts of room to cut rates." Carlos Leitao