Dollar Index slips on China Central Bank Comment
Thursday, July 30, 2009 GMT
Yesterday, Su Ning, the Vice Governor of China’s central bank commented that they had no intention of tightening the country’s money supply and would be using market tools rather than quota styled controls as they are continue to work toward repairing China’s economy.
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Japanese Yen up Broadly
Friday, July 24, 2009 GMT
Much improved housing market data from the U.S. and mixed corporate earnings reports helped to push the Japanese Yen up broadly in Friday’s trading in Asia. U.S. housing data indicated that existing home sales continued to climb for the third straight month and housing prices are at their highest levels in more than 9 months.
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USD and JPY slide on mixed corporate results, improved risk appetite
Thursday, July 23, 2009 GMT
Following a second day of Congressional testimony by Ben Bernanke, the Federal Reserve Chairman, as well as the release of mixed U.S. corporate earnings results, the U.S. Dollar fell broadly in Asian trading, nearing a 7-week low versus the single currency Euro and slipping against a basket of six major currencies.
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NFA FIFO Reminder
Wednesday, July 22, 2009 GMT
As I am sure you know, the NFA recently announced the new FIFO (First In First Out) ruling that is to come into effect on August 2nd.
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Rising Appetite for Risk pushes down U.S. Dollar
Monday, July 20, 2009 GMT
As reported at 9:31 a.m. in London, the U.S. Dollar slipped against major currencies, touching on a 6-week low versus the single currency Euro as investors move back into higher risk, higher yielding currencies.
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