4X

Daily Foreign Exchange Rate Forecast – The pound fell heavily yesterday morning

2010-12-25T02:44:00.001-08:00

by Adam Solomon The pound fell heavily yesterday morning after the release of the Public Sector Borrowing Requirement (PSBR) data for November undermined sentiment on the economic prospects for the UK and the strength of the recovery. Figures showed government borrowing came in much worse than expected at £22.8 billion, a November record, against an expectation...

ASIA FX: US Dollar Mixed in Very Thin Christmas Eve Trading

2010-12-25T02:43:00.001-08:00

SINGAPORE, Dec. 24 (MNI) - The U.S. dollar was mixed within very tight trading ranges in Asia Friday as major FX pairs took their cue from yen crosses amid a lackluster Christmas Eve session.
Dollar-yen managed to brush off some early selling pressure as euro-yen and other yen crosses gained modestly through an otherwise subdued morning session.
In the early afternoon here, dollar-yen stood at Y83.02, almost flat from where it started the day, at Y83.01, but up slightly from Y82.85 near the U.S. close overnight.

Foreign Currency Market Update – GBP / AUD Update

2010-12-25T02:42:00.001-08:00

Sterling has been in the doldrums the last couple of weeks, treading water against the Euro which has problems of its own, but losing ground against most other currencies, most notably the Australian dollar. On the economic front inflation remains stubbornly above the Bank of England’s target at 3.3%, and one survey showed that consumers are expecting a further increase in the rate of price rises in 2011.

FXWRAP: Dollar Mixed After O/N Position Flush; Awaiting Data

2010-12-25T02:40:00.003-08:00

NEW YORK, Aug 4 (MNI) - The dollar was holding about unchanged vs the euro in quiet afternoon dealings Tuesday but had notched slight gains vs the yen in a session that saw an overnight flush out of some positions set Monday and as traders awaited key events due later in the week.
Euro-dollar was changing hands around $1.4387 in afternoon dealings Tuesday, close to its starting level of the U.S. session and in the lower end of a narrow $1.4367/1.4430 U.S. hours range.

TheFXSpot: FX Takes A Breather; Eye On ADP, ECB/BOE Mtgs

2010-12-25T02:40:00.001-08:00

NEW YORK, Aug 4 (MNI) - The currency market took a needed breather Tuesday, with market players attempting to recover from the fast-paced trading session seen the day before, which saw the greenback fall to new 2009 lows against the euro and other currencies.
In the currency market, the greenback edged modestly higher as short dollar positions were pared ahead of three-days fraught with event risk.
Yen carry and emerging market long positions were scaled back, and the euro and cable longs were trimmed also, traders said.

TheFXSpot: FX Takes A Breather; Eye On ADP, ECB/BOE Mtgs

2010-12-25T02:39:00.000-08:00

Chile Central Bank Won't Rule Out Increasing Foreign Exchange Reserves

2010-12-25T02:37:00.003-08:00

The monetary authority bases its decisions on the peso's real exchange rate, which is the nominal rate corrected for prices.
De Gregorio noted that the real exchange rate is currently about 5%-7% deviated from its trend rate.
The central bank added that agricultural exporters were suffering the biggest damages from the strong peso as 70% of their products were bound for the U.S. and the European Union.
The non-agricultural exporters that are sending their products to Asia are faring better as the peso hasn't firmed as much against Asian currencies as it has against the dollar and the euro.
In a recent speech, De Gregorio said that in the last six months, the peso had firmed 3% versus the euro and 12% against the dollar.
-By Carolina Pica, Dow Jones Newswires; 56-2-715-8919; carolina.pica@dowjones.com

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2010-12-25T02:37:00.001-08:00

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2010-12-25T02:35:00.001-08:00

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