What is the difference between the Discount Rate and the Fed Funds Rate?
On Thursday February 18th, the Federal Reserve surprised the markets by raising the discount rate by 25bp to 0.75 percent, sending the U.S. dollar sharply higher against all of the major currencies. Although the Fed went out of their way to say [...]

Posted in Federal Reserve, Forex, eur/usd, forex blog 9 Comments »

I was on CNBC Squawk Box Australia this evening talking about the implications of the Fed’s discount rate hike on the forex markets.

Posted in Fed rate hike, Federal Reserve, Forex 1 Comment »

I was on Fox Business earlier this afternoon talking about what could turn the dollar around.
Watch the latest business video at FOXBusiness.com
Here is a chart showing how G7/G8 (which is now G20) finance ministers and central bankers meeting has coincided with major tops and bottoms in the EUR/USD. I’ll have more on that soon [...]

Posted in 2009 us dollar forecast, Forex, US Dollar, euro, forex blog, weak dollar earnings 14 Comments »

I was on Bloomberg Television earlier today talking about the outlook for the Australian dollar, the outlook for the U.S. dollar and gold. Hope you enjoy the interview!

Find more videos like this on www.truveo.com.

Posted in Australian Dollar, Forex, aud/usd, forex blog 1 Comment »

The Euro has surged to 1.3157, a six week high against the U.S. dollar. The currency pair’s strength is a big departure from the price action of the other majors currencies this morning, which have weakened across the board. The break of the old highs opens the door for a move above the [...]

Posted in Bernanke, FOMC, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex, eur/usd, forex blog 7 Comments »