Forexperts Archives

EUR/USD at 3-Week High

The dollar was mixed in New York trading Friday on continued worries of US growth and interest rate outlook. Another theme is carry-trade unwinding as equity prices fell. No major US economic data was released today. Sterling (Feb 23, 2008 12:20PM)

FOMC: Lower Growth, Higher Inflation

The dollar rose against most major currencies on stronger-than-expected consumer price inflation but later pared gains and ended the day little changed after the FOMC minutes of the January 30-31 (Feb 20, 2008 8:53PM)

Greenback Falls on Bernanke’s Dovish Comment

The dollar fell against major currencies on Thursday after Federal Reserve Chairman Ben S. Bernanke indicated the Fed may cut interest rates further amid increasing risk of a US recession. After falling overnight (Feb 14, 2008 9:32PM)

Yen Falls on Increased Risk Appetite

The dollar rose modestly against most major currencies on Wednesday on stronger-than-expected US retail sales. The yen fell on increased risk appetite as US stocks rallied for the third day. Sterling gained (Feb 13, 2008 7:39PM)

Risk Appetite Pressures Dollar and Yen

The dollar fell versus the euro and pound but rose against the yen on Tuesday. Risk appetite returned to the FX market after Warren Buffett, chairman of Berkshire Hathaway Inc., said he offered to reinsure $800 billion of municipal (Feb 12, 2008 9:21PM)

Dollar Mostly Lower

The dollar traded mostly lower versus other key currencies on Monday. The yen gained modestly against the dollar and euro. The Australian dollar rose against all major currencies after the Reserve Bank of Australia in its (Feb 11, 2008 7:45PM)

FX Little Changed, Awaiting Trichet

The dollar gained modestly against the euro and sterling ahead of tomorrow’s European interest-rate decisions but fell slightly versus the yen as US stocks declined increasing risk aversion. Mixed US economic data (Feb 07, 2008 10:56AM)

EUR/USD Falls as Economic Weakness Spreads

The dollar rose on Tuesday despite a surprise drop in the US ISM non-manufacturing index to the lowest level since the last 2001 recession. The euro and European currencies were particularly weak. The Australian dollar fell (Feb 06, 2008 5:01PM)

Waiting For Trichet

The greenback was lower against the euro, Australian dollar and sterling but higher versus the yen on Monday. The Bank of England is expected to lower interest rates this week, while the Reserve Bank of Australia is (Feb 04, 2008 5:36PM)

EUR/USD Resistance Holds

The dollar initially fell on Friday on an unexpected decline in US non-farm payrolls but later rose against most major currencies on better-than-expected ISM manufacturing data. The greenback failed to penetrate (Feb 01, 2008 9:46PM)

Greenback at Critical Support

The stock market continues to be the main driver for the FX market. US stocks had a volatile day but ended the day sharply higher after earlier losses. The greenback was higher against the Canadian dollar and sterling, lower (Feb 01, 2008 10:22AM)

Greenback Falls after Fed Rate Cut

The dollar fell against major currencies on Wednesday after the Federal Reserve, as forecast, cut the Fed funds rate by 50 basis points to 3.0%, to prevent the US economy from slipping into a recession. The Fed said (Jan 30, 2008 9:48PM)

Brian Dolan

Sandy Jadeja

Hans S. Nilsson

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