By Kathy Lien, Director of Currency Research for GFT
In the 2 weeks that I have been away, there have been dramatic moves in the currency market. Not only did the US dollar carve out a bottom, but the greenback’s recovery has been impressive. In less 1 month, the EUR/USD has plunged 1000 pips, […]

Posted in forex blog, eur/usd, Fed Rate Cut Expectations, Forex Podcast, Forex News, euro, US Dollar 2 Comments »

The recovery in the US dollar and in equities has been very impressive. In yesterday’s Daily Fundamentals, I said that “despite today’s move, the dollar’s rally may not be over.” Gold continues to provide a strong indication of the market’s risk appetite and dollar sentiment. If you want to figure out if […]

Posted in eur/usd, euro, British Pound, DailyFX, US Dollar No Comments »

It has been a very volatile week for the US dollar, even though compared to the beginning of the week, the exchange rate for the EUR/USD and USD/JPY has remained virtually unchanged.
On Monday, the EUR/USD was trading at 1.5922 while USD/JPY was trading at 106.26, not far from current levels, but of course […]

Posted in forex blog, euro record high, euro, US Dollar 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:47 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:
Fannie, Freddie Tumble on Concern U.S. Rescue Will Sacrifice Shareholders
Dollar Drops to Record Low
Retail Sales, Producer Prices
Mortgage Insurers Raise the […]

Posted in consumer spending, Fed Rate Cut, Bank of England, Bank of Japan, Forex Podcast, Inflation, oil record high, forex blog, dollar record low, Bernanke, Dow, Federal Reserve, ECB, US Dollar, British Pound, Oil, FX Radio, Bloomberg, euro, Japanese Yen No Comments »

The US dollar fell to a record low against the Euro as traders around the world grow increasingly worried about the health of Fannie Mae, Freddie Mac and the overall US banking sector.

(Source: My Technical Analyst Jamie Saettele at DailyFX.com)
The collapse in the dollar today is entirely due to risk aversion and flight to safety […]

Posted in Inflation, Fed Emergency Cut, Fed Rate Cut Expectations, retail sales, Bernanke, Fed Rate Cut, US Dollar 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 retail sales, Wall Street Journal, Bernanke, US Dollar 1 Comment »