Forexperts Archives

Daily currency analysis - Jun 26

The dollar weakened to lows just beyond 1.5610 in early UStrading, but there was a lack of conviction over the selling. The US currencygained some respite ahead of the Federal Reserve interest rate decision with oiland gold prices both falling sharply, but it was unable to sustain the gains.The US d... (Jun 26, 2008 12:00PM)

Daily currency analysis - Jun 25

The dollar was unable to re-test Euro support levels beyond1.55 on Tuesday and had a generally weaker tone during the day.The data releases provided no support to the US currency asconsumer confidence fell to 50.4 in June from a revised 58.1 the previousmonth. This was the 5th lowest reading of all ... (Jun 25, 2008 12:00PM)

Daily currency analysis - Jun 24

The dollar was little changed close to 1.56 in early Europeon Monday with the US currency hampered by high oil prices following the Jeddahsummit where no major policy announcements were made. The dollar was stillgaining some background support on defensive grounds while speculativepositioning was in... (Jun 24, 2008 12:00PM)

Daily currency analysis - Jun 23

The dollar wasunable to make any challenge on levels below 1.55 on Friday and weakenedsteadily to lows just beyond 1.5650 before consolidating around 1.5630.The US currencywas undermined by a renewed increase in energy and commodity prices during theday with crude reversing Thursday’s losses. ... (Jun 23, 2008 12:00PM)

Daily currency analysis - Jun 22

The dollarweakened to near 1.5590 in early Europe on Thursday, but then found some reliefas the Euro came under pressure against Sterling. The US currency also securedsome support from a reversal in oil prices, but it was again unable to breakEuro support close to the 1.5460 level.The US economic da... (Jun 22, 2008 12:00PM)

Daily currency analysis - Jun 21

The dollarweakened to near 1.5590 in early Europe on Thursday, but then found some reliefas the Euro came under pressure against Sterling. The US currency also securedsome support from a reversal in oil prices, but it was again unable to breakEuro support close to the 1.5460 level.The US economic da... (Jun 21, 2008 12:00PM)

Daily currency analysis - Jun 20

The dollarweakened to near 1.5590 in early Europe on Thursday, but then found some reliefas the Euro came under pressure against Sterling. The US currency also securedsome support from a reversal in oil prices, but it was again unable to breakEuro support close to the 1.5460 level.The US economic da... (Jun 20, 2008 12:00PM)

Daily currency analysis - Jun 19

The dollar found support towards the 1.5550level on Wednesday, but was unable to break Euro support levels around 1.5460and again consolidated close to 1.55 in Europe. A weaker Wall Street trendpushed the US currency weaker in New York trading with a retreat to 1.5530.There was a further slight down... (Jun 19, 2008 12:00PM)

Daily currency analysis - Jun 18

The dollar weakened to lows near 1.5550 inearly Europe on Tuesday before stabilising around the 1.55 level following afailure to sustain an advance towards 1.5460 following the Euro-zone data.The German ZEW weakened to -52.4 in Junefrom -41.4 the previous month which was the lowest reading since 199... (Jun 18, 2008 12:00PM)

60.6bn the previous month

60.6bn the previous month. Although the data is for April, there should besome optimism over the US ability to attract capital on valuation grounds.The headline May Euro-zone inflation raterose to 3.7% from a provisional 3.6% estimate, but the increase in coreinflation was held to 1.7% from 1.6% whi... (Jun 17, 2008 12:00PM)

Daily currency analysis - Jun 16

The dollar regained ground in Asian tradingon Friday and strengthened sharply in Europe to highs near 1.53 ahead of the USopen.US consumer prices rose 0.6% in Maycompared with expectations of a 0.5% increase with the annual increase thehighest sine January as there was a strong rise in transportatio... (Jun 16, 2008 12:00PM)

Daily currency analysis - Jun 15

46.3bn bid by Belgian group InBev for US brewing groupAnheuser-Busch which reinforced optimism over potential capital inflows.The US retail sales data was stronger thanexpected with a 1.0% increase for May after an upwardly-revised 0.4% increase previouslywhile there was also an underlying increase ... (Jun 15, 2008 12:00PM)

Hans S. Nilsson

James A. Hyerczyk

Brian Dolan

Korman Tam

• 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