Posts Tagged ‘ Reserve ’
The fragmented price action in the forex markets reflect the sharp disparity between what is happening in the North America and Asia with that of Europe. The dollar traded lower against all of the major currencies except for the euro and British pound. Growing concerns about fiscal deficits has scared investors from putting [ READ MORE ]
Risk FX remained under pressure with the euro rather than the pound taking the brunt of selling on the second trading session of the week while the Aussie held it s own in the wake of an RBA rate hike. The Reserve Bank of Australia resumed it rate tightening policy elevating its benchmark rate [ READ MORE ]
The Reserve Bank of Australia resumed it rate tightening policy elevating its benchmark rate to 4.00% – the highest in the G-20 universe, but the cautious tone of the post announcement statement by Governor Glenn Stevens tempered market enthusiasm for the currency and Aussie remained below the .9000 level at the start of European [ READ MORE ]
Last week, the Fed raised the discount rate by 25 basis points, to .75%. Investors have consistently focused the brunt of their collective monetary attention on the Federal Funds Rate, and the markets (forex included) barely registered a response to the move. Regardless of whether apathy in this particular context was justified, investors who turn [ READ MORE ]
After the dollar gained in the beginning of the week as the U.S. economy provided traders with more optimism than in the Eurozone, the greenback slid today as Federal Reserve Chairman Ben Bernanke said that low borrowing costs shall remain in the country as long as the economy need them to surge, declining appeal for the dollar in forex markets. At the moment, the EUR/USD currency pair is at 1.3581. New home sales declined for another month reaching 309k in January, from [ READ MORE ]
Risk aversion has taken hold of the financial markets today with currencies and equities sliding across the board. The U.S. dollar strengthened against every major currency except for the Japanese Yen which confirms that flight to quality has driven investors into the safety of U.S. dollars. The biggest losers were the commodity currencies [ READ MORE ]
After the stock markets closed this afternoon, the Federal Reserve raised the discount rate by 25bp to 0.75 percent, sending the U.S. dollar sharply higher against all of the major currencies. Although the Fed went out of their way to say that this does not equate to a change in their monetary policy outlook, [ READ MORE ]
The minutes of the latest Reserve Bank of Australia revealed that further interest rate hikes are likely but will occur at much more gradual pace than the last quarter of 2009 when the central bank increased benchmark rates for three months in a row. The Board noted that, “If economic conditions continued to improve as [ READ MORE ]
Growth was hit from all sides today as weak Eurozone economic results combined with a surprise announcement from PBOC that the Chinese central bank was raising reserve requirements another 50bp pushed EUR/USD to a fresh 8 month low in morning European trade. EZ eco data disappointed all around with Q4 GDP numbers printing at an [ READ MORE ]
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