AUD The Australian Dollar retreated on Wednesday after news emerged that Australia posted a very disappointing GDP number in the third quarter. To add insult to injury, the previous quarter’s growth figures, which were applauded as a...
USD The US Dollar gained across the board on Tuesday in advance of the conclusion of the two day Federal Reserve meeting later on today. The Fed has been emphatic in their insistence that interest rates will...
USD Risk Appetite was boosted on Monday after Abu-Dhabi announced a ten billion Dollar (US) bailout of Dubai’s “Dubai World” holding company which announced two weeks ago that it will need to restructure its current debt load....
USD The US Dollar gained broadly on Friday after a Retail Sales report came in stronger than expected, boosting the hopes, once again, that the US will move to raise interest rates sooner than initially predicted. The...
GBP The United Kingdom’s Finance Minister, Alistair Darling indicated that he will probably raise the estimate of borrowing by the government from a record 175 Billion Pounds, admitting that the recession has been deeper and required more...
USD Taking the thunder from the recent USD rally, Federal Reserve Chairman, Benjamin Bernanke said that the US economy still faces a long and steep road to recovery, citing the 10% unemployment rate as the core proof....
USD Monday saw the Dollar rise to levels not seen in more than five weeks against a basket of currencies, extending Friday’s rally that was sparked by a much better than expected jobs report. The trading patterns...
EUR The European Central Bank said on Thursday that it would slowly start withdrawing the emergency liquidity it doled out during the recent economic crisis, stating that the next 12 month refinancing operation for banks would be...
JPY The Japanese Yen continued its slide on Wednesday after traders continued to interpret Tuesday’s last minute meeting by the Bank of Japan, as well as a bullish stock market as a reason to unload the low-yielding...
USD The US Dollar gingerly retreated from recent gains after comments from the United Arab Emirates soothed loan default concerns, taking away for now, the flow of safe-haven funds. The UAE’s Central Bank said on Monday that...
