The Dollar-Yen has been ranging sideways, with the Dollar rallying 120 pips from its intra-day low near the 96 level. However, with US stock giving up earlier gains, it brought the momentum back to the Yen's favor, maintaining the range we have seen
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The Pound traded to as low as 1.4960 after reaching a high of 1.5092, as U.K. consumer prices unexpectedly declined 0.2% in October. The drop in inflation on the back of falling oil prices would see the annualized rate fall to 4.5% from 5.2%, which
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Recession profiles in all the major economies will provide some degree of protection for Sterling, but rallies will quickly attract selling pressure given that confidence has been badly damaged. After a tentative recovery, the rally gathered pace du
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A very uneventful night in FX so far with equities keeping mild downside pressure on risk currencies, but with tepid flows and tame price action characterizing trade there was little directional bias in Asia and early Europe. Generally, most currenc
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Don't let today's volatility fool you: the US dollar remains in consolidation mode. The US dollar's strong open on Sunday was followed by weakness throughout the European and US trading sessions, but for what it's worth, the Canadian dollar and Brit
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U.S. Dollar Trading (USD) was broadly weaker as most majors led by the Pound were able to rebound as US stocks initially rallied. Ongoing Economic concerns and fears of a deep recession lead to a late sell off and Dollar losses were pared. Supportin
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Overall, the currency market followed a similar pattern as in the last days of trading. A late sell-off in the U.S. equity markets dragged the currency market back into a risk aversion mode, making the majors shed most of the gains made during the d
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No major new global frameworks were hashed out by the G-20. Dollar is giving back some gains from that late blow-off move very late in the day on Friday. The pound is staging a nice-sized bounce. Crude oil, the global growth thermometer, continues
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After opening with a gap in the morning we see majors have recovered these gaps with the exception of the Euro that is currently facing troubles to fully close the gap; yet the trend seen is that majors are continuing to appreciate after the slight
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Signs of stability in the US manufacturing sector has failed to turn around the market's risk appetite. Although the US dollar has weakened marginally against all of the major currencies, if US stocks continue to sell off, we could see the dollar re
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Market chatter early this year obsessed about a U.S. recession but did not anticipate downturns elsewhere. U.S. real GDP fell 0.3% at a seasonally adjusted annual rate (saar)in the third quarter but posted annualized growth of 1.3% between 1Q08 and
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The euro-area trade deficit was released at 5.7B in September, the same as one month earlier (revised from -6.1B) and in-line with analystsÂ’ expectations. In September 2008 compared with August 2008, seasonally adjusted exports rose by 2.2% and impo
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