Latest Forex Research
EUR/USD Analysis
The pair closed in NY Friday at $1.3643 after rate had extended its corrective recovery off earlier lows of $1.3621 to $1.3677 on reaction to release of US NFP.
USD/JPY Analysis
JPY started the week at Y102.51 from a NY range of Y102.12-Y102.61, euro-yen opened at Y139.87 in Asia while NY traded a range of Y139.50-Y139.92.
AUD/USD Analysis
Aussie had a relatively quiet day, buoyed by a better than expected Chinese Trade Surplus for May over the weekend (despite much of the improvement coming from weaker Imports).
RBNZ Unlikely To Erase Its July Hike View
We remain of the view the Reserve Bank will stay on the tightening path it indicated at the time of its March Monetary Policy Statement (MPS) and which it did nothing to deny at its April announcement.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week We expect the NZD to rally following the RBNZ’s MPS on Thursday.
Weekly Commentary
Last week’s soft dairy auction result, and a monster Marchquarter for the construction industry, add to the pluses andminuses that RBNZ Governor Wheeler will be
Asian Currencies Technicals
AUD/USD followed up Thursday’s rally and close above the 21 &55-DMA’s with fresh highs for the week and consolidation at the upper end of the weekly range.
Daily FX Wrap and Strategy
Despite a little US payrolls-inspired volatility, the NZD/USDended the week little changed from Friday morning, at0.8500.
FX: party on
ECB won’t kill EUR, as capital flow to resume. The USD staged a sharp reversal down last week, and wage growth stuck at 2% suggests – no Fed funds repricing imminent yet, but…
The Week Ahead in FX
In the week ahead, investors will be looking ahead to Thursday’s U.S. retail sales report for further indications on the strength of the U.S. recovery.
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.