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Euro area meeting and headlines regarding IMF president Strauss-Khan likely to be market focus today
:: United States Dollar: It should come as no surprise that the greenback and the yen were the best performing currencies on Friday given the risk off environment that prevailed in the wake of continuing concern over the Euro zone debt crisis. The main economic release of the day was US CPI ...
:: United States Dollar: GBP/USD has been pressured lower over the last 24 hours. It has so far found support around the 1.6240 level and opens up this morning at 1.6280. It fell yesterday morning in response to weaker than expected manufacturing and industrial production data, which rose only ...
:: United States Dollar: GBP/USD has traded a fairly steady range over the last 24 hours. It slipped to 1.6320 yesterday, weighed slightly by comments from Chancellor Osborne who said that fiscal strategy is giving the central bank freedom to keep interest rates lower for a longer period of ...
:: United States Dollar: The USD index continued to make gains yesterday, though this was mainly because of the prevailing EUR weakness and not broad USD strength, with USD weakness elsewhere being a function of the rebound in commodities and precious metals. GBP/USD traded with a heavy tone for ...
:: United States Dollar: The pound got some good support from higher than expected producer price index data on Friday morning. Input prices rose 2.65% in April, due in large part to the rising cost of crude oil. GBP/USD rose from 1.6360 to a high of 1.6450. It then fell back to where it started ...
:: United States Dollar: Risk off in the last 24 hours and in a big way. Commodity prices have snapped lower. The Standard and Poor's GSCI Index of raw materials fell 6.5% yesterday, the biggest decline since January 09. Silver and oil were the biggest losers. Global equity markets have also ...
ECB and BoE expected to hold rates steady today; market watching for Trichet''s "strong vigilance" comments
:: United States Dollar: The USD continued to remain under broad pressure yesterday, with economic data unable to lend any support to the currency as the April ISM non-manufacturing index and ADP jobs data both came in below expectations, weighing down on Fed rate hike expectations, ...
:: United States Dollar: GBP/USD fell over 1% yesterday from 1.6647 to 1.6460. This was due to a number of factors. Early on in the day UK Manufacturing PMI data came in worse than expected, hitting a seven month low of 54.6, reinforcing concerns over slow economic growth and rising inflation in ...
:: United States Dollar: Markets seem a little directionless this morning following the death of Bin Laden. The USD initially firmed up following the news on safe haven demand. Amid thin markets we then saw some profit taking yesterday and GBP/USD bounced back towards and over 1.6700. USD ...
:: United States Dollar: The big news today is that Osama Bin Laden has been killed. The USD has firmed as a result as markets have sought a risk haven. It has not been a major move but GBP/USD has slipped from 1.6740 to 1.6650 in the last few hours. It opens this morning at 1.6650. The story is ...