I was on Fox Business earlier this afternoon talking what is moving the dollar and the short / medium term outlook for the currency market. Here is the clip, I am the first interview.

Posted in 2009 canadian dollar, 2009 currency forecasts, US Dollar, euro oil, forex blog No Comments »

In today’s Financial Times, there is an op-ed article by David Walker, the CEO of the Peter G. Peterson Foundation pondering the possibility of the U.S. losing its prized AAA credit rating. The paper focuses on a warning that was issued by rating agency Moody’s months ago. Moody’s has not issued a new warning, [...]

Posted in US Dollar, US Economy, forex blog 8 Comments »

Comments from RBNZ Governor Bollard this afternoon triggered a sharp sell-off in the New Zealand dollar. After having already cut interest rates by 525bp, he is telling us that the New Zealand economy could still weaken and because of that, he is not happy with the rise in long term yields. So this [...]

Posted in Australian Dollar, Forex Technicals, New Zealand dollar, US Dollar, aud/usd 1 Comment »

For the first time since August 2007, the Federal Reserve is not expected to change interest rates. With the fed funds rate now set to a target range of 0 to 0.25 percent, the Federal Reserve has maxed out on their most conventional monetary policy tool. Although they still have different ways of adding [...]

Posted in Bernanke, FOMC, Fed Rate Cut, Federal Reserve, US Dollar, US Economy, forex blog 2 Comments »

The US dollar is selling off aggressively ahead of Friday’s non-farm payrolls report on the fear that for the second month in a row, job losses may have topped 500k. The recent moves in the currency and equity markets suggest that everyone expects a very weak labor market report. Although the consensus forecast [...]

Posted in 2009 currency forecasts, 2009 us dollar forecast, Fed Rate Cut, Forex News, US Dollar, US Economy, dollar recession, forex blog, non-farm payrolls 4 Comments »