Forex News
US New Orders for Durable Goods up 3.7% on Aircraft Orders
US new orders for factory durable goods jumped 3.7% in September 2013, which were above market expectations for a 2.3% increase and
Morning FX Market Commentary
Dollar stays under pressure On Thursday, the dollar continued to fight an uphill battle.
US Trade Deficit Was Lower than Expected in August
The US trade deficit, released today following a more than two-week delay due to the partial federal government shutdown,
Norway viewpoint: No rate change, probably no change in view
Norges Bank kept its key rates unchanged at 1.50% as expected. There was no new interest rate forecast this time. Norges Bank said it had not considered other alternatives.
Macro viewpoint: Riksbank – softer than expected
Instant view: As widely expected the Riksbank left the repo rate unchanged today. They also kept a small short-term easing bias,
Morning FX Market Commentary
Dollar continues to fight an uphill battle EUR/USD took a breather after jumping higher on a poor US payrolls report on Tuesday.
Economy Watch – Powder Power
This morning’s September trade figures confirmed several general themes we have been discussing for a while, namely: – Recovery from the early-2013 drought – High prices for primary exports,
RBNZ Preview: Inflation higher than expected, but so is the NZD
* The NZD has appreciated since the RBNZ’ September Review, mostly due to international developments.
CPI – Growth transition underway – inflation transition needed
* The CPI rose by 1.2% in QIII and annual growth now stands at 2.2%.
US Job Growth Disappoints – Fed Tapering Delayed Further
The US labour market report disappointed with job growth rising only 148,000 in September versus Consensus of 180,000 and our own estimate of 200,000.
Morning FX Market Commentary
Will the payrolls improve sentiment on the dollar? Trading in most major currency cross rates was driven by technical considerations yesterday.
Morning FX Market Commentary
EUR/USD within reach of 2013 high Dollar weakness prevailed further on Friday. EUR/USD temporary marched north of 1.37 but a real test of 1.3711 didn’t occur.