Forexperts Archives

Daily currency analysis - Jul 14

60.5bn the previous monthThe University ofMichigan consumer confidence index rose marginally to 56.6 in the preliminaryJuly meeting from 56.4 the previous month, although it remained stuck athistorically very low levels which will not have a positive influence on thecurrency.The dollar declinecame i... (Jul 14, 2008 12:00PM)

Daily currency analysis - Jul 13

The dollar wasunable to sustain gains through the 1.57 level on Thursday and weakened to lowsnear 1.58 after support levels near 1.5750 were broken.There were furtherconcerns over the US financial sector with a fresh batch of rumours surroundingLehman Brothers which undermined dollar confidence in U... (Jul 13, 2008 12:00PM)

Daily currency analysis - Jul 12

The dollar wasunable to sustain gains through the 1.57 level on Thursday and weakened to lowsnear 1.58 after support levels near 1.5750 were broken.There were furtherconcerns over the US financial sector with a fresh batch of rumours surroundingLehman Brothers which undermined dollar confidence in U... (Jul 12, 2008 12:00PM)

Daily currency analysis - Jul 11

The dollar wasunable to sustain gains through the 1.57 level on Thursday and weakened to lowsnear 1.58 after support levels near 1.5750 were broken.There were furtherconcerns over the US financial sector with a fresh batch of rumours surroundingLehman Brothers which undermined dollar confidence in U... (Jul 11, 2008 12:00PM)

Daily currency analysis - Jul 10

The dollar wasunable to strengthen through 1.5650 against the Euro on Wednesday and weakenedto lows around 1.5750 before consolidation around 1.5730 later in New York.Oil and commodityprices rallied following the sharp decline seen on Tuesday and this tended toweaken the US currency slightly. In con... (Jul 10, 2008 12:00PM)

Daily currency analysis - Jul 9

135 per barrel duringthe day, although the impact was less than seen over the previous few weeks.There were nosignificant European data releases, but confidence in the Euro-zone dataremains generally weaker which is unsettling the Euro with fears over capitaloutflows. A sustained decline in energy p... (Jul 09, 2008 12:00PM)

Daily currency analysis - Jul 8

The dollar waslittle changed on Friday as trading volumes were curbed by the US holiday, butthe US currency advanced in Europe on Monday with highs near 1.5610. The dollarwas unable to sustain the gains and dipped to lows around 1.5750 in New York asrisk aversion increased following a sharp reversal... (Jul 08, 2008 12:00PM)

Daily currency analysis - Jul 7

The dollar weakened to lows just beyond 1.59 against theEuro ahead of the ECB interest rate decision on Thursday. The central bank increasedinterest rates to 4.25% from 4.00%, in line with market expectations.In the pressconference following the interest rate decision, ECB Chairman Trichetmaintained... (Jul 07, 2008 12:00PM)

Daily currency analysis - Jul 6

The US currency edged stronger in European trading onWednesday, but was unable to sustain the gains and weakened to test levelsbeyond 1.5850 in US trading. The dollar was unsettled in part by weak datawhile commodity prices remained generally strong.The US ADP employment report was weaker than expec... (Jul 06, 2008 12:00PM)

Daily currency analysis - Jul 5

The US currency edged stronger in European trading onWednesday, but was unable to sustain the gains and weakened to test levelsbeyond 1.5850 in US trading. The dollar was unsettled in part by weak datawhile commodity prices remained generally strong.The US ADP employment report was weaker than expec... (Jul 05, 2008 12:00PM)

Daily currency analysis - Jul 4

The US currency edged stronger in European trading onWednesday, but was unable to sustain the gains and weakened to test levelsbeyond 1.5850 in US trading. The dollar was unsettled in part by weak datawhile commodity prices remained generally strong.The US ADP employment report was weaker than expec... (Jul 04, 2008 12:00PM)

Daily currency analysis - Jul 3

The US currency edged stronger in European trading onWednesday, but was unable to sustain the gains and weakened to test levelsbeyond 1.5850 in US trading. The dollar was unsettled in part by weak datawhile commodity prices remained generally strong.The US ADP employment report was weaker than expec... (Jul 03, 2008 12:00PM)

Jay Norris

Ed Ponsi

Brian Dolan

James A. Hyerczyk

• 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