ECB President Trichet’s lack of commitment towards future monetary policy has led to little volatility in the Euro. After leaving interest rates unchanged at 4.25 percent, Trichet explicitly said that he has “no bias.”
However based upon the number of times he used the words “price stability in his Introductory [...]

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The jobs number for the month of June was bad but not bad enough to stifle the gains in the US dollar. Non-farm payrolls fell by 62k, the sixth consecutive decline in a row. The April number also was revised down from -49k to -62k while the unemployment rate remained at 5.5%, matching the [...]

Posted in ECB, US Dollar, ecb rate hike, non-farm payrolls 2 Comments »

The Euro is rallying ahead of Thursday’s ECB monetary policy meeting telling us that the market expects ECB President Trichet to say something hawkish. A 25bp rate hike has already been discounted by currency traders, but with the annualized pace of Eurozone producer prices growing by the fastest pace on record, consumer spending in [...]

Posted in ECB, Trichet, ecb rate hike, euro, euro record high 2 Comments »

We are back to the drawing board with the US dollar. Strong consumer spending and the lowest unemployment rate in 14 years could force the ECB to backtrack on their words and actually prepare the market up for more than one rate hike in the third quarter. The June consumer price index is expected [...]

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Here is the “In the Financial Papers Radio Broadcast” (Length: 5:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

Posted in Australian Dollar, Bank of England, Bank of Japan, Bernanke, Bloomberg, British Pound, FX Radio, Fed rate hike, Forex, Forex Podcast, Interest rates, Reserve Bank of Australia, Trichet, US Dollar, Wall Street Journal, chinese yuan, consumer spending, ecb rate hike No Comments »