Forexperts Archives

US Data, Bernanke to dictate FX

US economic data will be the primary focus among currency traders this week as soft fundamentals continue to undermine the dollar. The key highlights include the March manufacturing and services ISM, February factory orders, and the March labor report. Markets will also closely focus on comments f... (Mar 31, 2008 1:06PM)

USD Edges Up

The greenback regained some composure against the majors on Thursday, recovering from sharp selling in recent sessions. The US economic reports were largely in line with consensus estimates ¨C with the final reading for Q4 GDP unrevised at 0.6%. Inflation also remained firm as the core PCE index ... (Mar 27, 2008 3:06PM)

USD Slumps on Soft Data

A fresh bout of weak US economic data undermined the recent recovery in the dollar, pushing the currency beneath the 2-level against the sterling and falling past the 1.56-mark versus the euro. The reports revealed further deterioration in sentiment, with the Conference Board¡¯s index of consumer... (Mar 25, 2008 2:46PM)

USD Edges in Thin Session

The dollar continued to rebound versus the yen, edging up to 100.84, in a holiday-thinned Monday session - with Europe and Asia still closed for the Easter holiday. Economic data released earlier today also provided support for the greenback, with existing home sales in February reversing January\'... (Mar 24, 2008 3:26PM)

Thin Trading Dominates Holiday Session

The dollar continued to hold onto its gains from recent sessions in a quiet holiday-filled Good Friday session, with the major pairs locked in range. The greenback trades just under the 100-level against the yen and holds steady versus the euro near 1.5450. The actions taken by the Fed this week h... (Mar 21, 2008 2:46PM)

FOMC Cuts 75-BP, USD Edges Up

The dollar regained some footing against the euro and sterling after the FOMC announced its decision to lower its benchmark lending rate by 75-basis points to 2.25%. The Fed voted 8-2 in favor of the cut with Board members Fisher and Plosser favoring a less aggressive cut. In the accompanying stat... (Mar 18, 2008 3:46PM)

Fed Emergency Measures Weigh on USD

The dollar sold off heavily overnight in concert with a plunge in global equities ¨C with the currency hitting another fresh all-time low against the euro at 1.5904 and a 12-year low versus the yen at 95.76. The Federal Reserve announced new measures to provide liquidity to the financial markets a... (Mar 17, 2008 3:06PM)

USD Plummets to 8-year Low vs JPY

The dollar come under aggressive selling pressure against the yen, falling to its lowest level since 2000 at 101.38 as heightened risk aversion prompted a sharp rally by the Japanese currency. Persistent fears of instability in the US financial markets and burgeoning concerns about an economic rece... (Mar 11, 2008 11:41AM)

Darrell Jobman

Sunil Mangwani

Jay Norris

Hans S. Nilsson

• 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

• Carlos Leitao, chief economist at Laurentian Bank
• Reuters - "The prevailing view is that Canadian inflation trends resemble U.S. inflation, which is not the case. And so when the numbers come out tomorrow, I think that will probably wake people up. And it will give the Bank of Canada all sorts of room to cut rates." Carlos Leitao