Post Tagged with: "US dollar"
Dollar Stronger Under Obama
The US dollar performed in a better manner under US president Barack Obama, than his predecessor, George W. Bush. Supporters of Obama claim that his policies helped the nation recover from a horrible economic crisis, while his opponents claim that his policies significantly slowed the recovery. The numbers will not persuade either side, but they
Government Set To Weigh on Job Growth – Non-Farm Payrolls Preview
US Non-Farm Payrolls are expected to rise nicely in January, following the consistent trend of recent months. Nevertheless, there are quite a few reasons for worries, mostly coming from Washington. The US dollar has been under pressure since Bernanke’s recent softness. There is little chance that this trend will change. NFP Preview. The US gained
US Economy Grew by 2.8% in Q4 2011 – Dollar Rises
The US economy grew at an annual pace of 2.8% in the fourth quarter of 2011. Expectations stood on a growth rate of 3.1%. This is a small disappointment. After a few minutes of choppy trading, the dollar is strengthening against all currencies apart from the yen. The disappointment, especially with the components of the weaker than
Positive US Data Sends Dollar Further Down
Weekly unemployment claims in the US are at 377K. 371K was expected. Last week’s figure was revised from 352K to 356K – it’s still very low. The numbers are in line with early expecations. The moving average continues edging lower. Durable goods orders came out better than expected. Durable Goods Orders rose by 3%, while
Good Reasons for Optimism – Non-Farm Payrolls Preview
The month of October probably saw more gains in jobs, perhaps even better than in the previous month. There are many signs pointing to a strong gain in jobs. The unemployment rate and the “real unemployment rate” are not expected to move. This is likely to weaken the dollar against risk currencies. Here is what
Will the Foreclosure Freeze Weaken the Dollar Soon?
The foreclosure freeze that started at the beginning of October 2010 is already hurting the already-fragile economy. The mortgage mess could also be factored by the Federal Reserve as it makes its critical decision on more quantitative easing. A sign for dollar bears
Lifting Inflation Goals? Bernanke Hints Awful US Situation
Ben Bernanke talks about adding more stimulus steps if necessary, and mentions a surprising option of lifting inflation goals to boost the economy. While he said this step doesn’t have support in the FOMC, the fact that he even mentioned it is a big surprise. This is his subtle way of saying that the situation
FOMC Statement Strengthens Dollar – Hurts Yen Crosses
The FOMC Statement talked about a small recovery in the American economy. While the interest rate rate stayed unchanged, the Federal Reserve’s words about slowing the pace of buying treasuries sent the dollar shooting upwards. Note the tumbling Yen crosses that were highlighted here in Forex Crunch. As expected, the Federal Open Markets Committee concluded
Forex Daily Analysis – December 12th 2008
The big news in the Forex market is the big break of the Japanese Yen below the 90 Yen per dollar mark, as low as 88. This is the lowest level in 13 years. It came hand in hand with a rise this week in oil prices. As ananlyzed here, the strong correlation between oil