Dollar bulls continue to take the markets by the horns, driving the British pound to a 5 year low and the Euro below 1.28. Deleveraging and risk aversion have been the primary catalysts for the strength in the low yielders (US dollar and Japanese Yen) but currency bets gone wrong, repatriation and the fears [...]

Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, New Zealand dollar, US Dollar, US Economy, euro, forex blog, reserve bank of new zealand 1 Comment »

Here are some comments about the Euro and British pound that I wrote for my Daily Piece at GFT:
Expect the EUR/USD to break 1.30 and USD/JPY to break 100.
EURO FALLS TO THE LOWEST LEVEL SINCE FEB 2007
The Euro dropped to the lowest level against the US dollar since February 2007. The combination of weaker [...]

Posted in Bank of England, British Pound, ECB, Fed Rate Cut, US Dollar, euro, forex blog No Comments »

Since July, oil prices haven fallen approximately 50 percent. For many people, the drop in oil is a welcome relief but for oil producers, the price of crude has reached levels that could turn budget surpluses into deficits.
According to a report released by the IMF yesterday on the Economic Outlook for the Middle [...]

Posted in ECB, Forex News, Japanese Yen, Oil, US Dollar, US Economy, oil dollar No Comments »

With the lack of any major US economic data on the calendar this week, the big event risk for the stock market and the US dollar is the Lehman Brothers’ Credit Default Swap settlement on October 21. The fear that European banks may be forced to pay out on the default protection has prevented [...]

Posted in British Pound, ECB, FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, US Dollar, US Economy, euro, forex blog 2 Comments »

Unlike the other major currencies, the EUR/USD has not joined in the rally today. For currency traders looking for an explanation, the answer is OIL.
Crude prices have fallen for the third trading day in a row and have even broken below $70 a barrel. Since the beginning of the year, there [...]

Posted in ECB, Federal Reserve, Forex News, US Dollar, US Economy, euro, euro oil, forex blog 3 Comments »