Forexperts Archives

Daily currency analysis - Aug 2

The dollar wasunable to make a fresh attack on the 1.5550 level on Thursday and weakenedsharply following weaker than expected US data releases.Second-quarter GDPgrowth was provisionally estimated at an annualised 1.9% from 0.9% the previousquarter while the fourth quarter of 2007 was revised to sho... (Aug 02, 2008 12:00PM)

Daily currency analysis - Aug 1

The dollar wasunable to make a fresh attack on the 1.5550 level on Thursday and weakenedsharply following weaker than expected US data releases.Second-quarter GDPgrowth was provisionally estimated at an annualised 1.9% from 0.9% the previousquarter while the fourth quarter of 2007 was revised to sho... (Aug 01, 2008 12:00PM)

Daily currency analysis - Jul 31

The Euro regainedthe 1.56 level against the dollar in European trading on Wednesday, but wasunable to sustain the advance and consolidated just below this level ahead ofthe US open.The ADP employmentreport recorded an increase in private-sector employment of 9,000 in July aftera revised decline of 7... (Jul 31, 2008 12:00PM)

5.7bn debt write-down

5.7bn debt write-down. The dollar was slightly weaker at 107.40 with the yensecuring some respite on the crosses as Asian equity markets fell. The Japanese labour-market data was weaker than expectedwith a rise in unemployment to 4.1% from 4.0% while there was a 1.8% annualdecline in household spend... (Jul 30, 2008 12:00PM)

Daily currency analysis - Jul 29

The dollarconsolidated around the 1.57 level in early Europe on Monday, but was unable tomake any headway and dipped to lows near 1.5770 ahead of the US open.The US currencywas unsettled to some extent by comments from regional Fed President Stern whostated that the credit crunch could last for the ... (Jul 29, 2008 12:00PM)

Daily currency analysis - Jul 28

The dollarweakened to lows just beyond 1.5750 in European trading on Friday beforefinding renewed buying support. The US currency was underpinned to some extentby a decline in oil prices over the day, although the impact was limitedThe US datareleases were consistently stronger than expected which a... (Jul 28, 2008 12:00PM)

Daily currency analysis - Jul 27

The dollar tradedjust stronger than 1.57 in early Europe on Thursday ahead of key European datareleases.The German IFOsurvey weakened to 97.5 in July from 101.3 which was a three-year low and willreinforce fears over a sharp German slowdown. The Euro-zone PMI data was alsoweak with the indices well ... (Jul 27, 2008 12:00PM)

Daily currency analysis - Jul 26

The dollar tradedjust stronger than 1.57 in early Europe on Thursday ahead of key European datareleases.The German IFOsurvey weakened to 97.5 in July from 101.3 which was a three-year low and willreinforce fears over a sharp German slowdown. The Euro-zone PMI data was alsoweak with the indices well ... (Jul 26, 2008 12:00PM)

Daily currency analysis - Jul 25

The dollar tradedjust stronger than 1.57 in early Europe on Thursday ahead of key European datareleases.The German IFOsurvey weakened to 97.5 in July from 101.3 which was a three-year low and willreinforce fears over a sharp German slowdown. The Euro-zone PMI data was alsoweak with the indices well ... (Jul 25, 2008 12:00PM)

Daily currency analysis - Jul 24

The Euro wasunable to push back above the 1.58 on Wednesday and weakened to test supportbelow 1.57 in US trading with consolidation just below this level.Oil pricesweakened further over the day which provided support to the US currency while asharp drop in gold prices was also an important positive ... (Jul 24, 2008 12:00PM)

Daily currency analysis - Jul 23

127 per barrel.Regional FedPresident Plosser stated in comments on Tuesday that interest rates should beincreased sooner rather than later given that inflation is too high. Thehawkish comments provided additional support to the dollar with markets pricingin a near-50% chance of an interest rate incr... (Jul 23, 2008 12:00PM)

Daily currency analysis - Jul 22

The dollarweakened to lows just beyond the 1.59 level in European trading on Mondaybefore recovering back to around 1.5840.The results fromBank of America were stronger than expected which provided some degree ofsupport to the US currency, although the impact was less than that seenfollowing the res... (Jul 22, 2008 12:00PM)

Lena Manousarides

Korman Tam

Darrell Jobman

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