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Daily Look

US dollar fights back

February 20, 2014 - by - Leave a Comment

The weaker dollar has been staging a small but confident fight-back so far this week, most evident against the dollar bloc currencies (Aussie, kiwi and Canadian dollar), with the euro …

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Daily Look

Dollar in the doldrums

February 19, 2014 - by - Leave a Comment

The underlying theme of dollar weakness has continued. The underlying theme of overnight, with the main dollar index (DXY) hitting a new low for the year below the 80.0 level. The single …

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Daily Look

Building permits to be closely watched by the Fed

February 18, 2014 - by - Leave a Comment

As traders on both sides of the 49th parallel make it back to their desks after the holiday weekend, the overnight session kicked off with a bang, pushing Japan’s fourth quarter …

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Daily Look

BOJ ready to push forward

February 18, 2014 - by - Leave a Comment

The main overnight move has been on the yen after the latest Bank of Japan meeting. The major policy parameters were left unchanged, but the BoJ did double the scale …

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Daily Look

Sterling in focus

February 17, 2014 - by - Leave a Comment

The dollar has been on the defensive for the past two weeks and just above the low for the year on the dollar index. The recent run of US data …

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Daily Look

USD suffering from bad weather

February 14, 2014 - by - Leave a Comment

Another strong day for US equities unfolded yesterday, with investors shaking off the disappointing US retail sales numbers and looking to add risk back to their portfolios.  The S&P put …

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Daily Look

Dollar on the defensive

February 14, 2014 - by - Leave a Comment

The past week has seen the dollar in retreat and yesterday proved to be no exception, with the yen and sterling proving to be the main beneficiaries of dollar weakness, …

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Daily Look

Push and pull on the Aussie

February 13, 2014 - by - Leave a Comment

The Aussie has been on something of a roller-coaster ride recently as the central bank has moved away from trying to talk the currency lower. This came after a fairly …

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Daily Look

Sorting out sterling

February 12, 2014 - by - Leave a Comment

Sterling is understandably nervous today because one of the main pillars upon which recent strength has been built could well be undermined. Back in August, newBoE governor Carney announced a …

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Daily Look

First semi-annual testimony for the new Fed Chair Janet

February 11, 2014 - by - Leave a Comment

The big issue for today will be the testimony from the new Fed Chair Janet Yellen. This will be her first semi-annual testimony in front of the House financial services …

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