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 15 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 »

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 [...]

Posted in FOMC, Fed Rate Cut, Federal Reserve, Forex, dollar rally, forex blog, obama dollar No Comments »