Weekly

28/11/06 last week’s currency trading review The Dollar was mixed during the early part of the week before sliding against the majors as the absence of any major data ahead of US Thanksgiving meant the market was thinly traded. A poorer than expected jobless claims and consumer sentiment did not… read more

21/11/06 last week’s currency trading review The Dollar was mixed against the majors throughout the week as data releases continue coming in on the soft side for the US. US PPI and retail sales were both less thane expected as well as CPI, industrial pruction, and net foreign security purchases…. read more

08/11/06 last week’s currency trading review The Dollar was weaker for most of the week as US Core PCE index came in as expected, consumer confidence and Chicago PMI both fell, and the ISM manufacturing was also weaker. This provided weight to the argument for rate cuts in the first… read more

24/10/06 last week’s currency trading review The Dollar traded lower versus the major currencies as the market viewed that softer than expected data releases all but ruled out another Fed rate hike this year. The New York Fed survey started the week on a positive note for the US as… read more

20/09/06 last week’s currency trading review The Dollar was mixed against the major currencies in a week that had data releases come out pretty much on expectations. Comments by Fed officials indicated that the market should not rule out further rate hikes supported the dollar. A record US trade balance… read more

12/09/06 last week’s currency trading review The Dollar was stronger against all major currencies with the exception of the Japanese yen as hawkish comments by a Fed official suggested that the Fed may not be done raising rates. This week saw little in the way of data releases and so… read more

29/08/06 last week’s currency trading review The Dollar was largely range bound against the major currencies last week. Data in the US continued to suggest a slowdown in economic activity, raising fears that the 17 consecutive interest rate rises by the Fed could have been overdone. However, this failed to… read more

23/08/06 last week’s currency trading review The Dollar fell against most of the major currencies last week following weak PPI, CPI and housing data. The weak data supported the view that the Fed may have reached the end of its rate hiking cycle. The Euro traded steadily, despite data not… read more

16/08/06 last week’s currency trading review The Dollar rallied strongly against the major currencies last week as the accompanying statement from the central bank hinted that the pause in monetary policy tightening could be temporary. The Euro closed last week at 1.2737 having started the week at 1.2886. The Euro… read more

19/07/06 last week’s currency trading review The Dollar was stronger versus the majors last week due to strong rallies in the US Treasuries market in the midst of intensifying conflict in the Middle East, the continuing stand-off over North Koreas missile launches, new highs for the oil price and a… read more