The Congressional agreement of the $700 Billion bailout plan has proved to be anti-climatic for the stock and currency markets. There was a relief rally in the US dollar Sunday evening, but it lasted for no more than a blink of an eye as more problems came knocking on the door for financial institutions. [...]
Entries Categorized as 'Intervention'
Bailout Plan Fails to Impress, Traders Worried More About Dominoes Effect
September 29, 2008
US Consumer Prices, EU Referendum and G8 Meeting Weighs on Euro
June 13, 2008
Since the beginning of this week, the Euro has fallen more than 500 pips against the US dollar, its biggest weekly gain in 3 years. The prospect of a rate hike by the Federal Reserve in August and/or September as well as key event risks over the next 48 hours has currency traders rushing [...]
3 Important People Want the Dollar to Rise
June 10, 2008
The Clear Message from the Bush Administration
Last Tuesday, Federal Reserve Chairman Ben Bernanke breaks from tradition and talked about currencies. He drew links between the weaker dollar and higher import costs and consumer price inflation. His cohorts including Fed President Geithner confirmed that the central bank is paying “very close attention” to [...]
Ben Bernanke: Turning a Blind Eye to Weak US Data?
June 9, 2008
On Monday evening, Bernanke reiterated the Federal Reserve’s commitment to contain inflation, driving the US dollar higher in what would otherwise have been a quiet Asian trading session. Over the past 24 hours,the US government has come out with all guns blazing as US Treasury Secretary Paulson, Federal Reserve Governors Geithner and Fisher have commented [...]
Even G7 and Retail Sales Can’t Help the US Dollar
April 14, 2008
- Even G7 and Retail Sales Can’t Help the US Dollar
- Stronger Economic Data Keeps Euro Near its Highs
- British Pound Rallies on Surprisingly Strong Inflationary Pressures
Even G7 and Retail Sales Can’t Help the US Dollar
The US dollar has strengthened against all of the majors but the degree of strength is marginal considering the changes [...]
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