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 [...]

Posted in G7 meeting, G8 meeting, Intervention, US Dollar, dollar intervention, euro 1 Comment »

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 [...]

Posted in Bernanke, Intervention, dollar intervention, paulson No Comments »

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 [...]

Posted in Bernanke, Intervention, US Dollar, paulson 2 Comments »

- 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 [...]

Posted in Bank of England, Bank of Japan, Bloomberg, British Pound, FX Radio, Fed Rate Cut Expectations, Federal Reserve, Forex Podcast, G7 meeting, Interest rates, Intervention, Japanese Yen, Wall Street Journal, Yen Intervention 2 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 06:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Dollar Fluctuations Make Traders Whisper `I’ Word as Group of Seven Frets
Federal Home Loan Banks May Buy $100 Billion of Mortgage-Backed Securities
Wall Street Firms Eliminate [...]

Posted in Bloomberg, ECB, Euro Intervention, FX Radio, Fed Rate Cut, Federal Reserve, Forex Podcast, Goldman Sachs, Intervention, Lehman Layoffs, Saudia Arabia dollar peg, Stock Market, Trichet, US Dollar, US Economy, Wall Street Journal, euro, us earnings No Comments »