No US economic data was released this morning explaining the listless action in the US dollar. Traders are hesitant because they know that things could change dramatically with the 3 event risks tomorrow that could shake up in the US dollar.
This is an excerpt from my daily article on DailyFX.com
The first is [...]

Posted in US Economy, VIX, consumer spending, retail sales 1 Comment »

Fannie Mae and Freddie Mac’s developments continue to drive the price
action for the currency market. Despite Paulson’s announcement yesterday that he will be seeking Congressional Approval for the authorization to buy stock in Fannie and Freddie and a higher credit line, currency and stock traders are still not convinced that this is enough. [...]

Posted in Bernanke, US Dollar, Wall Street Journal, retail sales 1 Comment »

Retail sales increased 1.0 percent last month as tax rebates and higher gasoline prices drove stronger consumer spending. With the exception of the Miscellaneous category, retail sales increased across the board. There was surprisingly no underlying weakness in the report but jobless claims did tick higher. The biggest increase in spending came from gas [...]

Posted in Bernanke, US Dollar, retail sales 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 4:14minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
US Retail Sales Increase More than Expected
Japan to Raise Meat Prices as Corn Boosts Feed Costs
ECB Tells Market Rate Hike Likely to be One-Off
The topics at [...]

Posted in Bank of Japan, Bernanke, Bloomberg, ECB, FX Radio, Federal Reserve, Food prices, Forex News, Forex Podcast, Forex TV, Inflation, Trichet, US Dollar, US Economy, Wall Street Journal, gas prices, retail sales 1 Comment »

By Kathy Lien, Chief Strategist of DailyFX.com and Abhi Chakraborty
Published: June 11, 2008
US retail sales are due for release on Thursday and the degree of consumer spending could play a big role in determining where the US dollar may head next. Despite continued deterioration in the labor market, economists expect retail sales to [...]

Posted in US Dollar, consumer spending, retail sales 1 Comment »