Finance News Network

Foreign Exchange

US data sees the dollar back in favour, but currencies currently mostly holding on to support

29 May 2013 - A 5 year high in US Consumer Confidence has seen the US$ return to favour today, keeping all other currencies under pressure. The possibility of winding back the Fed'…

Mild Yen strength the highlight in an uninspiring holiday session. Back to normal today

28 May 2013 - A non-event of a session, unless you were trading the Nikkei yesterday! Normal service will be resumed today with the US Consumer Confidence data likely to be the key…

Yen bottomed in the short term? Aud looks to be headed lower.....

27 May 2013 - The Yen appears to have found a base in the medium term against both the dollar and on the crosses. The US$ is generally a little weaker, except against the Aud, whic…

A big day out! Yen, Chf strength; US$, Aud, Kiwi weakness the main early themes before a rebound

24 May 2013 - Bernanke’s comments, followed by weak Chinese data set off a chain reaction of events, driving the Nikkei down over 7%! Commodity currencies got slammed and the Yen …

Bernanke's testimony rallies the dollar, puts the skids under equities

23 May 2013 - After a brief spike higher, the currencies all came under pressure again against a resurgent dollar, following Bernanke's testimony that hinted of possible winding ba…

All on hold now, awaiting Bernanke/FOMC. Before then the BOJ meeting will be the focus

22 May 2013 - Equities remain firm and the US$ a little weaker ahead of Bernanke's testimony. Most currencies were fairly rangebound today, with the exception of Cable, that took a…

US$ weakness ahead of Bernanke's testimony has helped the currencies recover

21 May 2013 - US Dollar selling ahead of Bernanke's testimony on Wednesday was the name of the game today with most currencies regaining a little lost ground. The real action was i…

The dollar continues to motor north, with plenty more to come in the weeks ahead...

20 May 2013 - Another day, another new high for global equities on Friday. One day it is going to get very ugly, but who knows when?! Certainly not me! In FX land, the Dollar rule…

Softer data pressures the US$ before comments from the Fed come to the rescue

17 May 2013 - Soft US data had the dollar under pressure, before it turned around mildly, after some Fed speak that suggested the possibility of a winding back of QE, with the adde…

Poor EU data kept the Euro under pressure. Equities at new highs - again!

16 May 2013 - Poor EU data dented the Euro while mildly upbeat UK Jobs data, Inflation/Growth outlook helped underpin Cable. Aud and Kiwi are recovering a little from their lows bu…

Aud under pressure following the budget. US$ stronger all round, with more to come

15 May 2013 - The US$ remains in charge at present and has everything else on the run, with the Aud and the Yen under particular pressure and more of the same appears to be the mos…

Aud remains heavy ahead of the budget

14 May 2013 - The dollar and equities remains firm after today's US data and this theme looks likely to continue through today's session. The Australian market will focus on today'…

US Dollar strength appears to be the main theme this week. Aud, Yen under pressure

13 May 2013 - The selloff in the Aud and Yen provided the main highlights in what was otherwise a big session for the Dollar on Friday. More of the same appears most likely in the …

$/Yen through 100, Aud below 1.0100 on Fed tapering talk. Equities, Bonds unchanged

10 May 2013 - The US$ soared today on the combination of hawkish comments from the Fed's Plosser and the improved US jobless claims. The Aud got smashed after US$/Jpy headed throug…

Euro lifted by German data again. Australian, NZ jobs data, China CPI coming up

09 May 2013 - Good German data again helped the Euro higher, diminishing the chances of an EU rate cut. Good housing data helped cable higher. Equities continue to make all time hi…

Aud, Kiwi under pressure following the RBA decision, RBNZ comments. More cuts to come. Equities higher

08 May 2013 - Better German data initially helped the Euro, although it has since given up some ground. Aud and Kiwi remain heavy after the RBA rate cut and further losses seem lik…

A mostly rangebound session. Aud remains soft ahead of the RBA, as does the Euro after Draghi comments

07 May 2013 - Draghi comments kept the lid on the Euro today and it still looks a bit soft, although good bids lie ahead. The RBA decision will be today's highlight, with the conse…

Yen broadly lower, Euro, US$ mixed. S+P finally above 1600 after the NFP

06 May 2013 - The NFP finally helped the S+P push through the 1600 barrier and saw the US$ end up mixed. While it jumped against the Yen, its performance against the other majors w…

$ fails to reach 100. More Yen-watching and important PMI manufacturing data lie ahead

23 Apr 2013 - The US$ has failed so far to reach 100.00, leaving the market rather frustrated. As a consequence it has been pretty much a rangebound session, with most currencies n…

The Yen is weaker again following the G20 and looks capable of US$100+.

22 Apr 2013 - The G20 appears to have given the green light to further Yen weakness with a mere acknowledgment of the BOJ's plans to reflate the Japanese economy, as opposed to any…

A choppy, rangebound session. US data remains soft, underpinning the Euro

19 Apr 2013 - Currencies have been relatively quiet, awaiting the outcome of the G20 meeting for some guidance. Most of the action has been in the commodities, which have had anoth…

Risk-off again, as lower global growth outlook spurs talk of an ECB rate cut

18 Apr 2013 - Diminished global growth outlook and comments from ECB board members have pushed risk markets and the Euro lower today, and things now look rather fragile for the pos…

Euro headed higher despite poor ZEW. Commodities steadied, reinvigorating risk appetite

17 Apr 2013 - Another big day, with Yen weakness once again leading the way. The Euro defied the poor ZEW survey and headed higher, helped along by a solid Spanish bond auction. Go…

China data decimates commodities & takes the Aud, Kiwi & equities along for the wild ride

16 Apr 2013 - Commodity markets have been obliterated following the Chinese GDP, with Gold having its worst 2 day fall in 30 years. These moves have in turn flowed through to the c…

Italian auction helps the Euro. Otherwise Yen watching is the name of the game

12 Apr 2013 - Another nervy day of Yen watching, with particularly the Aud and Kiwi being on the receiving end of the flows. Option related selling has so far prevented it from tra…

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