Tag Archive: $EUR

FX Daily, August 26: And now for Yellen…

2016-08-26

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2016-08-26

Yellen's presentation at Jackson Hole today is the highlight of the week. It also marks the end of the summer for many North American and European investors. It may be a bit of a rolling start for US participants, until after Labor Day. However, with US employment data next Friday, many will return in spirit if not in body.

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FX Daily, August 25: Narrow Ranges Prevail as Breakouts Fail

2016-08-25

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2016-08-25

The US dollar remains mostly within the ranges seen yesterday against the major currencies.The market awaits fresh trading incentives and the end of the summer lull, which is expected next week. The Jackson Hole Fed gathering at which Yellen speaks tomorrow is seen as the highlight of this quiet week.

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FX Daily, August 24: Narrowly Mixed Greenback in Summer Churn

2016-08-24

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2016-08-24

The US dollar is going nowhere fast. It is narrowly mixed against the major currencies. The market awaits for fresh trading incentives, with much hope placed on Yellen's presentation at Jackson Hole at the end of the week. Is it too early to suggest that the build-up ahead of it is too much?

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FX Daily, August 23: Broadly Mixed Dollar in a Mostly Quiet Market

2016-08-23

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2016-08-23

The US dollar is mostly little changed against the major, as befits a summer session.There are two exceptions.The first is the New Zealand dollar. Comments by the central bank's governor played down the need for urgent monetary action and suggested that the bottom of cycle may be near 1.75% for the cash rate, which currently sits at 2.0%.This means that a cut next month is unlikely. November appears to be a more likely timeframe.

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FX Daily, August 22: Fischer Joins Dudley; Waiting for Yellen

2016-08-22

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2016-08-22

Last week, some market participants were giving more credence to what seemed like dovish FOMC minutes than to NY Fed President Dudley's remarks that accused investors of complacency over the outlook for rates. Yesterday, Vice-Chairman of the Federal Reserve Fischer seemed to echo Dudley's sentiment, and this has underpinned the dollar and is the major spur of today's price action.

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Dollar Weakness and Fed Expectations

2016-08-22

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2016-08-22

Dollar weakness does not line up with increased perceived risk of Fed hiking rates. Frequently the rate differentials lead spot movement. Some now turning divergence on its head, claiming too expensive to hedge dollar-investments so liquidation. TIC data, though, shows central banks not private investors, were the featured sellers in June, the most recent month that data exists.

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