Dollar bashing has driven the U.S. dollar to an 11 month low against the Euro and 1 year low against the Australian dollar. If you have caught my interviews on CNBC and Bloomberg, you would know that I have been bearish dollars and bullish Aussies and Euro for the past 2 months. Now [...]

Posted in 2009 eurusd forecasts, 2009 us dollar forecast, Bank of England, British Pound, Gold, dollar record low, eur/usd, forex blog No Comments »

I was on Bloomberg last night talking about the odds of Dollar Reserve diversification and the outlook for the dollar. Click on the image to access the video:

Posted in dollar record low, forex blog No Comments »

The Federal Reserve cut interest rates by 75bp to a range of 0 to 0.25 percent, the lowest level that this generation has ever seen.
In our FOMC preview, we talked about how the Fed may consider adopting a BoJ style rate cut that takes interest rates somewhere between 0.25 and 0 percent. [...]

Posted in Bernanke, FOMC, FOMC Minutes, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, Interest rates, US Economy, dollar recession, dollar record low, eur/usd, forex blog, usd/jpy 8 Comments »

US retail sales and producer prices were basically in line with expectations but that does not undermine the fact that the data was very weak and confirms that the Federal Reserve will be cutting interest rates by 75bp next week. USD/JPY hit a 13 year low last night after news that the automaker [...]

Posted in Bernanke, Black Friday, Crude Oil Prices, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, US Dollar, US Economy, Yen Intervention, consumer spending, dollar rally, dollar record low, eur/gbp, eur/gbp record high, forex blog, retail sales, usd/jpy, usd/jpy intervention, zero interest rates 7 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:47 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:

 
Podcast Covers:
Fannie, Freddie Tumble on Concern U.S. Rescue Will Sacrifice Shareholders
Dollar Drops to Record Low
Retail Sales, Producer Prices
Mortgage Insurers Raise the [...]

Posted in Bank of England, Bank of Japan, Bernanke, Bloomberg, British Pound, Dow, ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex Podcast, Inflation, Japanese Yen, Oil, US Dollar, consumer spending, dollar record low, euro, forex blog, oil record high No Comments »