Posts Tagged ‘ fed president ’

U.S. Dollar: The Divergence Trade

It has been another interesting trading day in the financial markets with equities and currencies staging a sharp end of day reversal. The EUR/USD traded within a hair of its 9 month low on an intraday basis a few times before moving into positive territory. Economic data in the U.S. was very weak [ READ MORE ]

Dollar Soars as Fed Ignores Recent Disappointments in U.S. Data

Between Apple’s introduction of the iPad, and the Federal Reserve’s Monetary Policy announcement, investors have a lot to focus on this afternoon. However the Fed managed to steal the limelight from Apple who was in the process of introducing its latest creation when the central bank released their monetary policy statement. To the [ READ MORE ]

U.S. Pending Home Sales Drop, Yen Strength Dominates

Dollar bears are in control today as weaker housing market data confirms Fed President Duke’s warning that the headwinds in the housing market are relatively strong. Pending home sales dropped 16 percent in November, the sharpest decline since the National Association of Realtors starting tracking the data in 2001. [ READ MORE ]

Existing Home Sales Surge, Dollar Carry Trade in Play

Risk currencies opened higher this morning following strong PMI numbers from Europe and comments from Fed President Bullard. Last week, Bullard suggested that the Fed may not raise interest rates until 2012 and overnight, he called on the Fed to extend its authority to buy Mortgage Backed Securities and Agency bonds beyond March. [ READ MORE ]

U.S. Dollar: More Intervention Fears

The U.S. dollar continued to benefit from intervention fears, comments from the Federal Reserve, quarter end repatriation and concerns about the outlook for the U.S. economy. On Monday, ECB President Trichet’s support for a strong dollar sent the greenback higher against all of the major currencies and last night, comments from Finance Minister Fujii [ READ MORE ]

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