Forexperts Archives

Dollar Falls on Plunging Consumer Confidence

The dollar fell across the board on Tuesday on speculation the Federal Reserve may have to cut interest rates further to reverse the US economic tide. The dollar was sold overnight and extended its decline after March US (Mar 25, 2008 6:23PM)

Yen Gains on Renewed Carry-Trade Unwinding

In NY trading Wednesday, the dollar was higher against the commodity currencies but lower against the yen. The euro and Swiss franc were little changed. Sterling fell following rumors that Bank of England Governor (Mar 19, 2008 7:27PM)

Fed Cuts Interest Rates 75 Basis Points

The dollar traded mixed following Tuesday’s US stock rally and 75 basis-point Fed rate cut. Two dissenting FOMC members and the 75-rather-than-100-basis-point cut may indicate that the Fed is getting closer to (Mar 18, 2008 8:38PM)

Fed’s Emergency Measures Unwind Carry-Trades

The dollar touched record lows against the euro and Swiss franc and hit its lowest level since 1995 against the yen after the Federal Reserve cut the discount rate and opened its discount window to primary dealers in (Mar 17, 2008 7:38PM)

USD/JPY at 13-Year Low

Following Thursday’s disappointing retail sales and continued credit-market worries, the greenback hit the lowest level since 1995 versus the yen and touched record lows against the euro and Swiss franc. News about (Mar 13, 2008 10:39PM)

Dollar Reverses Yesterday’s Gain

The dollar reversed its Tuesday sharp gains in NY trading Wednesday on concerns the Federal Reserve’s plan to lend primary dealers $200 billion in Treasury securities and accept a wider array of mortgage debt as (Mar 12, 2008 7:06PM)

Yen Falls on Increased Risk Appetite

The dollar was mostly lower on Wednesday. US economic data was mixed: the ISM non-manufacturing index rose but the ADP forecast a contraction in US private employment in February. The euro hit a new high ahead of the (Mar 06, 2008 7:52AM)

Aussie Falls After RBA Governor Stevens' Dovish Remark

The dollar traded mixed on Tuesday. The yen was supported by continued carry-trade unwinding as international equity prices fell. The euro was moderately higher despite European finance ministers’ concerns (Mar 04, 2008 6:31PM)

Juncker and Trichet Try to Talk Down Euro

The dollar recovered some overnight losses trading little changed early NY trading Monday after Federal Reserve Bank of Philadelphia President Charles Plosser said the Fed funds rate is low. The dollar is oversold, trying to (Mar 03, 2008 5:18PM)

Dollar Falls on Widening Growth and Yield Differentials

The dollar fell against all major currencies pressured by higher-than-expected US initial jobless claims. President George W. Bush’s claims, that the US is not headed into a recession and his (Feb 28, 2008 6:28PM)

EUR/USD at All-time High

The dollar fell sharply on Tuesday against other major currencies on falling US home prices and sinking consumer confidence to a 5-year low. The greenback extended its losses after Federal Reserve Vice Chairman Donald (Feb 26, 2008 11:08PM)

Yen Falls as Stocks Rally

In New York trading Monday, the dollar was higher against the yen but sharply lower against the Canadian dollar. Standard & Poor’s announced that it maintains the top AAA credit ratings of the nation’s two (Feb 25, 2008 6:49PM)

Ashraf Laidi

Ed Ponsi

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Sunil Mangwani

• 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