Forexperts Archives

Daily currency analysis - Jun 10

5bn in additionalcapital which lessened immediate fears over the financial sector.The rise in US yields helped push the dollar to highsaround 106.30 in New York and choppy trading conditions are liable to continuein the short term. Some degree of resilience for carry trades will tend to limityen sup... (Jun 10, 2008 12:00PM)

Daily currency analysis - Jun 9

The dollar was confined to narrow ranges around1.56 ahead of the US employment data on Friday, but then weakened sharply in UStrading for the second day running.The headline US employment change was closeto expectations with a decline of 49,000 for May after a revised 28,000 dropthe previous month. ... (Jun 09, 2008 12:00PM)

Daily currency analysis - Jun 8

The dollar strengthened to test Eurosupport levels near 1.5370 in early US trading on Thursday, but then reversedcourse sharply.At the latest council meeting, the ECB leftinterest rates at the 4.00% level. In the press conference following thedecision, ECB President Trichet took a significantly toug... (Jun 08, 2008 12:00PM)

Daily currency analysis - Jun 7

The dollar strengthened to test Eurosupport levels near 1.5370 in early US trading on Thursday, but then reversedcourse sharply.At the latest council meeting, the ECB leftinterest rates at the 4.00% level. In the press conference following thedecision, ECB President Trichet took a significantly toug... (Jun 07, 2008 12:00PM)

Daily currency analysis - Jun 6

The dollar strengthened to test Eurosupport levels near 1.5370 in early US trading on Thursday, but then reversedcourse sharply.At the latest council meeting, the ECB leftinterest rates at the 4.00% level. In the press conference following thedecision, ECB President Trichet took a significantly toug... (Jun 06, 2008 12:00PM)

Daily currency analysis - Jun 5

The dollar consolidated around the 1.5450region for much of the day. The US data was again generally stronger thanexpected which provided some background support for the currency. The ADPreport recorded a private-sector employment increase of 40,000 for May after arevised 13,000 increase for April.I... (Jun 05, 2008 12:00PM)

Daily currency analysis - Jun 4

The dollar weakened to lows around 1.5625against the Euro on Tuesday, but then reversed direction in US trading.Fed Chairman Bernanke stated that thecentral bank was attentive to the implications of dollar weakness while he wasconfident that the currency would remain strong and stable. The comments ... (Jun 04, 2008 12:00PM)

Daily currency analysis - Jun 3

The Euro hit resistance above the 1.5560level against the dollar in early Europe on Monday and drifted weaker towards1.55. The revised Euro-zone PMI indices werelittle change for May with the manufacturing index at 50.6. There will befurther expectations of a steady deterioration with the Spanish an... (Jun 03, 2008 12:00PM)

Daily currency analysis - Jun 2

The dollar strengthened after the Germanretail sales data on Friday and pushed to a high around 1.5460 beforeconsolidation around the 1.55 level ahead of the New York open.The Euro-zone growth data remained weakwith a further sharp 1.7% decline in German retail sales for April whilereports also sugg... (Jun 02, 2008 12:00PM)

Daily currency analysis - Jun 1

The Euro was blocked close to 1.5660against the dollar in Asian trading on Thursday and then weakened sharply tolows below 1.55 in New York.The moves in oil and gold prices were againclosely tied with the dollar trend during the day. Oil prices recoveredtemporarily after the latest US inventory data... (Jun 01, 2008 12:00PM)

Daily currency analysis - May 31

The Euro was blocked close to 1.5660against the dollar in Asian trading on Thursday and then weakened sharply tolows below 1.55 in New York.The moves in oil and gold prices were againclosely tied with the dollar trend during the day. Oil prices recoveredtemporarily after the latest US inventory data... (May 31, 2008 12:00PM)

Daily currency analysis - May 30

The Euro was blocked close to 1.5660against the dollar in Asian trading on Thursday and then weakened sharply tolows below 1.55 in New York.The moves in oil and gold prices were againclosely tied with the dollar trend during the day. Oil prices recoveredtemporarily after the latest US inventory data... (May 30, 2008 12:00PM)

Ashraf Laidi

Ed Ponsi

Hans S. Nilsson

Jay Norris

• 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