Tag Archives: Federal Reserve

Euro propelled to fresh 4-mth high after data

The euro was propelled to a fresh four-month high against the dollar after strong euro-zone data as well as a confident and optimistic speech by European Central Bank President Mario Draghi earlier on Tuesday. EURUSD reached close to the key $1.34 level, tested twice after being lifted by ZEW sentiment data for both the euro area and Germany. German economic sentiment improved by more than...

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June 18, 2013 @ 1:34 pm

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Fed meeting primary focus this week

The main focus of this coming trading week will be in the US Federal Reserve policy meeting on Wednesday. Currency markets will likely to be subdued ahead of this as investors wait anxiously for more clarity on whether the Fed will taper its stimulus measures soon and by how much. The FOMC begins the two-day policy meeting on Tuesday, and will announce interest rates and policy on Wednesday,...

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June 16, 2013 @ 12:50 pm

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Dollar remains weak against yen, focus turns to Fed meeting

Most currency moves on Friday were mostly due to a technical correction and investors booking recent profits ahead of the weekend. Next week is an important one, especially for the dollar, and large moves are expected. This is because the US Federal Reserve is having its policy meeting on Wednesday. Most expect the Fed to use this meeting as an opportunity to clear up confusion for the...

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June 14, 2013 @ 8:00 pm

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Aussie plummets to lowest since October 2011

The Australian dollar dropped to 19-month lows against the US dollar on Thursday, after weak manufacturing data from China fuelled concerns over the outlook for global economic growth. China is a major export market for Australia and so the disappointing data has a large impact on the Australian currency. AUDUSD extended its decline following the Chinese data during the Asian session and...

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May 23, 2013 @ 7:59 am

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