Forex News
BOE left monetary policy unchanged
Today the BOE decided to leave monetary policy unchanged, which was in line with general expectations.
Morning FX Market Commentary
Dollar receives conflicting signals On Wednesday, the major dollar cross rates were haunted by conflicting info. At first, the dollar was supported by good US eco data.
International Trade Prices – QII 2013
Both export prices and import prices fell by 0.3% over QII. The market was anticipating a small rise in export prices of 0.3% and
House Prices – July 2013
The RP Data-Rismark series indicates that dwelling prices rose by 1.6% in July to be 4.9% higher over the past year to an eight capital city average of $488,000.
US FOMC Left Fed Funds Target and Purchase Program Unchanged
• The Federal Open Market Committee (FOMC) maintained the fed funds target in the 0.0% to 0.25% range,
US GDP: Stronger-than-expected Q2, but soft trend remains
Real GDP rose 1.7% q/q (saar) in Q2, above our forecast (0.5%) and the consensus (1.0%).
Norway: Lower unemployment – again
• LFS unemployment fell unexpectedly – again • Now points to lower unemployment than Norges Bank forecast
Morning FX Market Commentary
Dollar still in the defensive ahead of the Fed. The dollar held near the recent lows against the yen and the euro, but there was no trigger to break those levels ahead of the Fed.
US Consumer Confidence Moderated in July; Existing Home Prices Increased in May
• US consumer confidence declined to 80.3 in July 2013 from 82.1 in the previous month. Market expectations had been for a reading of 81.3.
Morning FX Market Commentary
Dollar looking to find a bottom The recent decline of the dollar slowed, both against the euro and the yen.
June Building approvals weakness supports rate cut
Today’s approvals data was disappointing if you want to see a consistent rise in approvals and a more adequate supply of new dwellings to house the growing population.
Morning FX Market Commentary
USD/JPY drops below short term support At the end of last week, the dollar remained in the defensive. USD/JPY dropped below the 98.27 support,