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Thread: USD

  1. #41
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    Dollar trim gains but remains supported.

    The dollar trimmed gains against the other major currencies on Friday, but the greenback remained supported after upbeat U.S inflation data boosted optimism over the strength of the economy.

    Data showed that the U.S CPI was flat in January, compared to expectations for a 0.1% downtick and after 0.1% fall the previous month year to year.

    USD/JPY was down 0.32% at 112.919.

    Demand for the safe heaven yen still remained supported as oil price resumed their downward trend on Friday, a day after the energy information Administration said U.S crude inventories rose by 2.1 million barrels last week.

    EUR/USD was steady as 1.1108 still close to a two-week low of 1.1067 hit earlier in the session.

    Elsewhere the dollar was higher against the pound with GBP/USD down at 1.4250 but turned against Swiss franc with USD/CHF to 0.9910.

    Meanwhile the AUD and NZD were weaker with AUD/USD at 0.7089 and with NZD/USD to 0.6584.

    USD/CAD to trade at 1.3822.




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    Mirza
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  2. #42
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    Dollar erases gains after weak U.S data

    The dollar erased gains against the other major currencies on Wednesday pulling away from a three-week high after showed that U.S new home sales dropped far more than expected in January.

    The US commerce department said new home sales dropped by 9.2% to 494k unit last month compared to expectations for a decline of 4.4% to 520k.

    The dollar found some support after Richmond Federal Reserve president said on Wednesday that the case for a rate hike was bolstered by recent data and that the U.S central bank should concentrate on fostering economic growth via its control of inflation.

    The comments came after FED vice chairman Stanley Fischer simply don’t know that course of action they will take at their next meeting in March.

    The dollar was higher against the pound with GBP/USD down at 1.3944 falling below $1.40 first time since March 2009.

    The dollar was turned lower against the euro, with EUR/USD at 1.1035

    Elsewhere USD/CHF to trade at 0.9867 & USD/JPY retreated to 111.11

    Meanwhile the Australian and New Zealand dollar remained weaker with AUD/USD at 0.7180 and NZD/USD at 0.6634.

    USD/CAD held steady at 1.3797 after hitting highs of 1.3859 earlier in the day.




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    Mirza
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  3. #43
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    Dollar holds steady against other majors in quiet trade.

    The dollar held steady at two week lows against the other major currencies in quiet trade on Tuesday, as expectations for an upcoming U.S rate hike were dampened and as downbeat Chinese trade data continued to weigh on sentiment.

    USD/JPY Dropped to 112.97

    The safe heaven yen was boosted after data earlier showed that china’s exports tumbled 25.4%. Economist had expected a decline of 12.5%.

    Import fell 13.8% year on year from January 18.8% tumble.

    The steep fall in export was due in part to the Chinese New Year which fell earlier in February this year.

    Also Tuesday data showed that Japan’s economy contracted 1.1% in the last quarter of 2015.

    EUR/USD edged up to 1.1023. As euro remained under pressure amid heightened expectations for more easing from the European central bank at the conclusion of Tuesday policy meeting.

    The dollar was higher against the pound with GBP/USD at 1.4207 and was lower against the Swiss Franc with USD/CHF sliding 0.9933.

    Meanwhile the Australian and New Zealand dollars were weaker AUD/USD down at 0.7453 and with NZD/USD retreating to 0.6765.

    USD/CAD gained to 1.3328.




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    Mirza
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  4. #44
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    Dollar remains broadly higher with all eyes on FED

    The dollar remained broadly higher against the other major currencies on Monday as investors continued to focus on the Federal Reserve’s upcoming policy meeting this week.

    The signal currency remained under pressure after the European Central Bank cut interest rates across the euro zone to new record lows and boosted quantitative easing program last Thursday.

    The ECB cut its benchmark interest rate to a record-low of zero from 0.05% and boosted its quantitative easing program by 20billion euro per month to 80billion euro starting in April.

    USD/JPY was little changed at 113.78

    Investors were turning their attention to the outcome of Japanese and U.S central bank policy meeting scheduled this week.

    The FED was not widely expected to raise interest rates at the conclusion of its meeting on Wednesday given recent signs of weakness in the global economy.

    But the U.S central bank was likely to signal that rates will rise fairly soon as long as U.S inflations and jobs continue to strengthen.

    The bank of japan was also expected to keep monetary policy unchanged when its meeting ends on Tuesday after its shock decision to adopt negative interest rates in January which sis little to weaken the yen.

    The dollar was higher against the pound and the Swiss franc with GBPUSD at 1.4316 and USD/CHF advancing 0.42% to 0.9867.

    Meanwhile the Australian and New Zealand dollars were weaker with AUD/USD down at 0.7504 and with NZD/USD retreating to 0.6684.

    USD/CAD climbed to 1.3289 the commodity-related Lonnie weakened as oil price pulled back from three month highs.




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    Mirza
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  5. #45
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    Top 5 thing to know in the market today

    1 U.S dollar extends rebound from FED inspired losses

    The U.S dollar continue to recover from five month lows on Monday as investors closed out bearish bets following an aggressive selloff late last week in weak of the federal reserve dovish statement.

    The US dollar index which measures the greenback strength against a trade-weighted basket of six major currencies, tacked on 0.2% to 95.27.

    2 sterling hit by British political turmoil

    Sterling was the biggest mover among major currencies on Monday sinking more than half a percent on concerns a split in the ruling conservative party over a Brexit was deepening ahead of June referendum.

    3 Oil falls again as U.S rig count rises

    Oil price extended sharp losses from the prior session on Monday after the U.S rig count rose for the first time since December renewing worries of a supply glut.

    4 Fed speakers awaited

    Following last week dovish fed meeting the market will be paying attention to FOMC member speeches to judge the balance of opinion among policymaker on the prospect of further rate hikes.

    5 Apple to launch smaller iPhone

    Apple on NASDAQ is expected to launch a smaller cheaper iPhone on Monday aimed at emerging markets and possibly china as it looks to reverse a decline in worldwide sales of its most important product.






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  6. #46
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    Dollar remain lower upbeat CB report

    The dollar remain lower against the other major currencies on Tuesday despite the release of upbeat U.S consumer confidence data as investors remained cautious ahead of a speech by FED chair Janet Yellen due later in the day.

    EUR/USD edged up to 1.1207

    Investors were looking ahead to a speech by FED chair Janet Yellen later Tuesday for fresh indications on futures interest rate hikes.

    USD/JPY slipped to 113.32

    The yen weakened after Japanese PM Shinzo Abe said earlier Tuesday that he will proceed with a planned sales tax hike next April unless the economy is hit by a severe shock.

    The dollar moved lower against the pound with GBP/USD up at 1.4276 and was steady against the Swiss franc USD/CHF at 0.9739.

    Meanwhile the Australian and New Zealand dollar were stronger, with AUD/USD up at 0.7555 and with NZD/USD rallying to 0.6791.

    USD/CAD fell to trade at 1.3160.






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  7. #47
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    Dollar on hold ahead of Yellen's speech today
    Expecting hints for interest rate decision, traders are cautious and US dollar is holding steady ahead of FED chief Yellen's speech scheduled today. Investors are waiting for US GDP data today which is expected to perform better.US dollar made huge gains this week on expectations of interest hike in June.
    CPI for Japan came short of expectation which fell by 0.5% annualized rate, whereas the expectation was a fall of 0.4%. National CPI of Japan also fell by 0.3% against an expectation of 0.4% fall. US dollar is holding steady against the major rivals at this moment.
    Syed Murthuza Hussaini
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  8. #48
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    Dollar remains broadly higher with FED meeting in focus.

    Dollar held on to gains against other major currencies on Tuesday as release of upbeat U.S retail sales data boosted optimism over the strength of economy and as investors eye on FED monthly policy meeting due to begin later day.

    USD/JPY slipped to 106.01 and hit month low of 105.63 earlier in the day.

    U.S commerce department said that retail sales increased by 0.5% last month compared to the forecast for rise of 0.3%. Retails sales for April rose 1.3%.

    EUR/USD declined to 1.1197 lowest since June 2.

    The dollar was highest against the pound and Swiss France, with GBP/USD two month fresh low of 1.4103 and USD/CHF at 0.9656.

    Earlier Tuesday the U.K office for national statistic said the annual rate of inflation remained steady at 0.3% in May.

    The Australian and New Zealand dollar were weaker with AUD/USD at 0.7357 and NZD/USD at 0.7007.

    Elsewhere USD/CAD edged up to one week high of 1.2852.



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  9. #49
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    Fed leaves interest rates unchanged, signals lower rate path going forward

    The Federal Reserve kept U.S. interest rates unchanged on Wednesday and signaled it still planned two hikes this year, although a slowing economic growth path for 2016 and 2017 prompted a downgrade in where the U.S. central bank thought rates would peak.

    Even this year's rates projection was less secure than previously, however. Six of the Fed's 17 individual forecasts from governors and regional Fed presidents projected just one hike this year, compared with one such outlook when the forecasts were last issued three months ago.

    "We are quite uncertain about where rates are heading in the longer term," Fed Chair Janet Yellen told a news conference after the rate decision.The U.S. central bank lowered its economic growth forecast for 2016 to 2.0 percent growth from 2.2 percent and its outlook for 2017 to 2.0 percent from 2.1 percent.It also cut its longer term view of the appropriate federal funds rate by a quarter point to 3 percent and indicated it would be less aggressive in tightening monetary policy after the end of this year.

    Yellen gave no clues as to whether a rate hike could come as early as the Fed's next rate-setting meeting in July, or whether the central bank would wait for a slew of firmer data as it headed into its September meeting. Markets have all but priced out any rate rise in 2016."While the recent labor market data have on balance been disappointing, it's important not to overreact to one or two monthly readings," she said, adding the Fed expected jobs to strengthen further.


  10. #50
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    Dollar breaks against all rival currencies

    The dollar continued to lows against the other major currencies on Monday, as concerns over a potential British exit from the European Union, or Brexit, eased, continued to boost market sentiment.

    The dollar remained sharply lower against the pound, with GBP/USD up 2.24% at a three-week high of 1.4677.

    Brexit concerns subsided after two opinion polls published on Saturday showed that support for the 'Remain' campaign had regained its lead over a vote to leave, while a third showed momentum shifting in favor of a vote to remain in the 28 member bloc.

    Campaigning for the June 23 referendum resumed on Sunday after a three-day break prompted by the killing of pro-EU British lawmaker, Jo Cox.

    EUR/USD climbed 0.59% to a one-and-a-half week high of 1.1342.

    The greenback remained under pressure after the Federal Reserve left interest rates on hold last week and lowered forecast for how much they expect to hike interest rates in the next few years.

    Investors were now eyeing testimony on monetary policy by Fed Chair Janet Yellen, due on Tuesday and Wednesday.

    USD/JPY rose 0.30% to 104.49, moving away from the almost two-year low of 103.53 hit last Thursday, while USD/CHF held steady at 0.9595.

    The Australian and New Zealand dollars were stronger, with AUD/USD up 1.10% at 0.7476 and with NZD/USD rallying 1.15% to 0.7121.

    Elsewhere, USD/CAD declined 0.85% to trade at 1.2785, the lowest since June 13.

 

 
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