Entries Categorized as 'dollar rally'

How EURUSD Reacts to Non-Farm Payrolls

Date August 10, 2010

Trading the Fed meeting is always difficult because in addition to a decision on rates, the tone of the FOMC statement also affects how the dollar trades. Rather than immediately jumping into the market after the announcement, I have found that in 11 out of the last 14 times that the Federal Reserve has [...]

Outlook for Oil and Dollar

Date January 13, 2010

I was on Fox Business yesterday talking about my outlook for oil and the U.S. dollar:
Watch the latest business video at video.foxbusiness.com

U.S. Corporations Hurt by Currency Fluctuations

Date March 10, 2009

U.S. corporations are beginning to complain about the damage that the strong dollar is having on corporate earnings. This morning, United Technologies announced plans to lay off 11,600 workers as a rising dollar and deteriorating economic conditions forces the company to reduce costs. Yesterday, McDonald’s warned that the strength of the dollar and [...]

Fed Announcement Triggers Dollar Rally

Date January 28, 2009

The Federal Reserve has officially run out of room to cut interest rates. For the first time since August 2007, they left interest rates unchanged at a target range of 0 to 0.25 percent.
The dollar rallied because the Fed did the minimum of what was needed to pacify the market, which was [...]

Bernanke Rebrands Quantitative Easing as Credit Easing

Date January 13, 2009

For the first time since cutting interest rates to 0.25 percent, Federal Reserve Chairman Ben Bernanke outlined his plan of action. In a speech at the London School of Economics, Bernanke talked about the additional tools available to the Fed, an orderly exit strategy, concerns about inflation and suggestions about how the Obama Administration [...]