Forexperts Archives

When Will the ECB and G-7 Become Concerned about the Dollar Price Level?

It looks like the European Central Bank was right all this time after all as European inflation accelerated last month. Since June 2007, the ECB has kept interest rates at 4% citing the need to figh... (Apr 16, 2008 7:20PM)

Surprise Strength in Wednesday's Reports Could Turn Short-Term Trend Down in Euro

The EURUSD fell for the first time in three days as major reports showed the U.S. Producer Price Index increased more than forecast in March and the Euro Zone's ZEW survey showed weakness in German ... (Apr 15, 2008 6:51PM)

G-7 Statement Not Strong Enough to Break Euro Stronghold

Over the weekend the Group of Seven said very little to prop up the U.S. Dollar. In its first major revision to its statement since 2004, the G-7 expressed concern about "sharp fluctuations" but did... (Apr 14, 2008 6:19PM)

Will G-7 Statement Prop Up the Dollar or the Pound?

EURUSD traded higher on Friday but inside yesterday's range. On Thursday, the Euro posted a new all-time high, but quickly backed off as traders awaited an announcement from the Group of Seven meet... (Apr 11, 2008 6:04PM)

Interest Rate Differential Keeps Euro Strong Versus Dollar and Pound

As expected the European Central Bank left interest rates unchanged at 4.0%. The ECB's views on inflation and growth were not significantly different from those stated at its last meeting on March ... (Apr 10, 2008 5:56PM)

Hawkish ECB Comments are Likely to Pressure the Soft Dollar

Higher crude oil, a weak stock market, and a possible 50 bp cut by the Fed on April 30 combined to drive the Euro higher on Wednesday. With the European Central Bank expected to keep rates at 4% and... (Apr 09, 2008 5:46PM)

U.S. Economic Woes Impact U.K. Housing Market

The U.S. Federal Reserve's March minutes did not have the anticipated mpact on the Forex markets. Here are some of the highlights of the FOMC minutes: About the economy, the Fed was looking for a ... (Apr 08, 2008 7:11PM)

FOMC Minutes Likely to Support the U.S. Dollar

On Tuesday, the focus will be on the release of the March 18 FOMC minutes at 2:00 EDT. The report is expected to say that the Fed is going to take a less aggressive stance toward lowering interest r... (Apr 07, 2008 6:20PM)

With the U.S. Unemployment Report Out of the Way, Traders Look to Euro Zone Reports for Direction

Friday's unemployment report showed that the U.S. economy lost jobs for the third month in a row. The data confirmed Bernanke's testimony before Congress on Wednesday that conditions are right for... (Apr 04, 2008 6:12PM)

Lower Retail Sales in Germany May Be First Sign of Euro Zone Slowdown

In news we had been anticipating for weeks, a European Union report showed that February Retail Sales were down 0.5 percent and Bayerische Landesbank reported a 4.3 billion euros ($6.7 billion) write... (Apr 03, 2008 5:09PM)

Commodity Markets Control Canadian Dollar Direction

Sellers continued their assault on the USDCAD for the second day in a row as Canadian-linked commodities firmed. Strong rallies in Canadian exports like gold, crude oil and wheat helped move the CAD... (Apr 02, 2008 6:42PM)

The Return of Confidence to the U.S. Supports a Dollar Rally

The failure by the EURUSD to punch through 1.5904 to a new all-time high and the reversal down on Monday weighed heavily on the market as longs liquidated positions. The current chart is suggesting ... (Apr 01, 2008 5:32PM)

Korman Tam

Darrell Jobman

Sunil Mangwani

Lena Manousarides

• 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