No, the Federal Reserve did not cut interest, but one central bank did - the RBNZ, which is short for the Reserve Bank of New Zealand.
For the first time in 5 years, the Reserve Bank of New Zealand cut interest rates by 25bp to 8 percent and signaled that rates will be cut even further. [...]

Posted in New Zealand dollar, reserve bank of new zealand 4 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 7:48 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:

 
Podcast Covers:
Jobless Claims Drop Distorted by Seasonality
Australian Employment Numbers Much Stronger than Expected
Bank of England Leaves Interest Rates Unchanged
Ex BoE Goodhart [...]

Posted in Australian Dollar, Bank of England, British Pound, Canadian Dollar, Crude Oil Prices, Dow, ECB, FX Radio, Forex Podcast, Japanese Yen, New Zealand dollar, Trichet, US Dollar, US Economy, Wall Street Journal, euro, forex blog No Comments »

My team at DailyFX just published our third quarter currency market forecasts. Definitely worth a read:
EUR/USD (Link to Fundamental and Technical Outlook)
- Oil is Determining Fed Policy
- Federal Reserve: A Third Quarter Rate Hike?
- When Will the US Consumer Buckle?
- Labor Market: String of Job Losses Set to Continue
- The US Dollar At or [...]

Posted in Australian Dollar, British Pound, Canadian Dollar, Currency forecasts, Japanese Yen, New Zealand dollar, euro 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:14 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Fed Chairman Kohn Paints Dour Picture
Japan Weighs Releasing Rice Reserves
Vietnam Considers Ending Rice Export Curbs
Is Inflation NExt Fight for the Fed?
UK Rentals See Boom as [...]

Posted in Australian Dollar, British Pound, Crude Oil Prices, Existing Home Sales, FOMC Minutes, FX Radio, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex Podcast, Housing Market, Inflation, New Zealand dollar, Radio, US Dollar, Vietnam, Wall Street Journal, euro, retail sales No Comments »

For the better part of this past week, the Euro, Japanese Yen and British pound have been trapped within a tight trading range against the US dollar. Even though the moves in all 3 of these currency pairs have been relatively significant, especially in the EUR/USD, they pale in comparison to the moves in [...]

Posted in Australian Dollar, British Pound, Canadian Dollar, DailyFX, Forex News, New Zealand dollar, US Dollar, euro 2 Comments »