Monthly Archives: March 2016

Currency Big Gains In AUD, CAD, NZD

Investors continued to sell the U.S. dollar today and this weakness drove the commodity currencies to fresh 2016 lows. The best performer was the New Zealand dollar, which reached its strongest level since June of last year. The Canadian and … Continue reading

Posted in Fx Market

Currency Report 31 March 2016

EUR / USD  The dollar initially remained under pressure on Wednesday following dovish comments from Fed Chair Yellen on Tuesday with the currency undermined by deteriorating expectations of higher interest rates and the Euro pushed to highs near 1.1340. German … Continue reading

Posted in Fx Market

Credit figures confirm our 2016 euro growth forecast

Strong money-supply growth in February enables us to maintain our forecast for euro area real GDP growth unchanged at 1.8% in 2016. Euro area bank credit flows increased again in February, in line with other indicators such as the ECB’s … Continue reading

Posted in Fx Market

Ms. Yellen…

Janet Yellen couldn’t have hurt the dollar more if she tried as her dovish comments continued to reverberate through the markets one day after her speech taking the buck to fresh session lows against all of the major trading partners. … Continue reading

Posted in Fx Market

MARKET SUMMARY UPDATE 30 March 2016

 Chair Yellen’s speech overnight is more dovish than her March FOMC press conference and enough to offset the hawkish Fed speak from last week encouraging markets to start thinking about an April Fed hike. As such, Yellen appears to … Continue reading

Posted in Fx Market