currencies

The US jobs data headline, details and Sept revision were better than expected and although the unemployment rate remains stubbornly high, the take away is net constructive and caps a week in which the US data has generally been better than…

Highlights The US dollar is trading with a firmer tone after selling off subsequent the announcement of QEII and weakening for the past two days.  An unexpected fall in eurozone retails sales added to the downside of the euro. …

With the long await Fed decision behind, what are the likely implications of Fed’s new round of asset purchase, dubbed QEII? The Fed’s announcement of $600 bln in assets was not much a surprise but the details within the statement provided…

by Win Thin EM currencies are rallying in the wake of the FOMC decision, with many back to testing or even besting the year’s highs vs. USD from mid-October.  We continue to feel that the conditions favoring EM investment will…

Highlights The dollar weakness after the FOMC gave way to a pretty steady and small trading range through the Asian session.  But the dollar experienced a sharp selloff in the European session as investors further increased their…

The Norwegian Krone looks interesting with oil prices high and the Norwegian domestic economy doing well. Andy Lees of UBS writes: Whilst I like the Norwegian currency, benefitting from its oil and gas, its oil fund and the fact that…

The Absolute Return Letter, November 2010 by Niels Jensen “If I were BoJ, I would set a trap for all the currency speculators in the world. I would intervene in the currency market, appearing unsuccessfully, to lure speculators to…

by Win Thin S&P affirmed Hungary’s BBB- rating but kept the negative outlook in place, signaling that all is not yet clear for the country.  We believe that markets have gotten too bulled up on Hungary lately and are overlooking…

We identified and continue to track key forces that offer insight into the euro dollar exchange rate. To monitor the near-term trend, we have used the 5 and 20 day moving averages. They have done a fairly good job of capturing this year's…

Highlights The dollar was mostly flat in a quiet Asian session with the Tokyo markets closed, even though the dollar experienced sharp losses versus sterling and kiwi. The outcome of the Federal Reserve’s FOMC meeting is also weighing…