Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
  Daily Currency News Euro US Dollar Educational Articles  
Posted December 31st, 2013 by Charles Purdy

Weak housing data creates mixed fortunes for the US dollar

The US dollar had a mixed day yesterday, incurring losses against sterling and the euro following data released showing the pending homes sales figure from the US fell significantly short of its forecasted level. However, the US currency managed to reach a five year high against the yen, before retracing slightly. Out today, we have consumer confidence which could cause some market volatility with decreased liquidity in the market. Other data released includes PMI data from Chicago and data showing the change in selling price of family homes. Call in now for a live update on what is a relatively busy day for data in the US

Comments are closed.

Posted December 30th, 2013 by Charles Purdy

US dollar has a volatile day

The US dollar saw significant volatility on Friday, weakening significantly against the euro and sterling but, strengthening against the Japanese yen as thin trading caused increased volatility in the market,. This week’s main economic announcements are expected to be the weekly unemployment claims and manufacturing PMI figures – both of which are released on Thursday. Before then, we have pending home sales data released today and consumer confidence figures released tomorrow. Call your trader now as the US dollar remains under pressure.

Posted December 27th, 2013 by Charles Purdy

US dollar weakens, sterling still strong

I hope all our readers of today’s currency note have had a good Christmas break and looking forward to a positive 2014. Here in the UK we have two days of holiday but in the US they only have Christmas Day and therefore yesterday we did have the release of some US data: the US jobless claims figures. These came in better than expected which, on a low volume trading day, boosted stock markets, increased bond yields as investors become more confident on the sustainability of the US economic recovery and weakened the US dollar. It just highlights how sometimes it is better to travel than arrive.

Posted December 23rd, 2013 by Charles Purdy

A busy week for the US dollar despite the festivities

The US dollar ended last week with some positive movement, despite no further data to spur these shifts. The American currency was little changed against sterling, although good gains were made against both the euro and the Japanese yen. Moving in to this week, the US economy does have some figures due despite the Christmas break. Firstly, Christmas Eve holds the core durable goods orders and the new home sales from stateside, with the unemployment claims due on Boxing Day. Following the decision by the Federal Reserve to taper their quantitative easing program, data will continue to be important as a continually improving economy is needed to maintain this program.

Posted December 20th, 2013 by Charles Purdy

The US starts to taper as economy on the up

The US dollar was in the spotlight this week, with investors eager to finally hear whether the Federal Reserve would begin to taper their quantitative easing program. The recent run of encouraging data, especially from the labour market, had raised hopes that this would finally come to light, and these hopes were realised as they reduced their bond buying from $85 billion to $75 billion a month. While the quantitative easing had been holding back the currency, the decision actually did little to strengthen the currency, as the accompanying statements were far more cautious. Chairman Ben Bernanke stated that the unemployment rate would have to have passed the 6.5% level well before interest rates were raised, especially if inflation remains low, and also that continued tapering was dependant on further positive data.

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus