Weekly

30/05/06 last week’s recap The Dollar gained against major currencies in a volatile week for the currency markets. The Dollar benefited as investors exited the stock and commodities markets preferring to buy into US treasuries. Comments by Federal Reserve chairman Bernanke saying that interest rates may be increased after the… read more

24/05/06 last week’s recap The Dollar posted sharp gains against the major currencies last week. The dollar strengthened from the middle of the week on stronger than expected CPI data as the likelihood of further rate hikes by the Fed increased. The Euro rallied early in the week but retraced… read more

16/05/06 last week’s recap The Dollar continued to lose ground versus the major currencies last week as the market continued to focus on the issue of global imbalances. The small than expected US trade deficit gave the dollar some temporary relief as it recovered slightly. The Euro continued to gain… read more

03/05/06 last week’s recap The Dollar was weaker versus the major currencies last week and tumbled to fresh 7-month lows against the Euro. This was mainly due to Fed Chairman Ben Bernanke’s testimony to Congress. Chairman Bernanke raised the likelihood of a pause in the tightening campaign after one more… read more

11/04/06 last week’s recap The Euro closed last week at 1.2100 having started the week at 1.2117. USD/JPY closed last week at 118.26 having started the week at 117.68. The GBP closed last week at 1.7435 having started the week at 1.7373. The AUD closed last week at 0.7318 having… read more

05/04/06 last week’s recap The Euro closed last week at 1.2117 having started the week at 1.2035. USD/JPY closed last week at 117.68 having started the week at 117.44.The GBP closed last week at 1.7373 having started the week at 1.7431. The AUD closed last week at 0.7163 having started… read more

29/03/06 last week’s recap The Euro closed last week at 1.2035 having started the week at 1.2196. USD/JPY closed last week at 117.44 having started the week at 115.82. The GBP closed last week at 1.7431 having started the week at 1.7568. The AUD closed last week at 0.7103 having… read more

22/03/06 last week’s recap The Euro closed last week at 1.2196 having started the week at 1.1913. The USD/JPY closed last week at 115.82 having started the week at 118.96. The Sterling closed last week at 1.7568 having started the week at 1.7264. The Aussie closed last week at 0.7348… read more

13/03/06 last week’s recap The Dollar had a solid week as it made impressive gains against the major currencies. The Dollar pushed to a 1-week high against the Euro, a 4-week high against the Japanese yen and an 8-week high against the Sterling. The reason for the rally is due… read more

06/03/06 last week’s recap The Dollar had a relatively steady week against the major currencies early in the week given mixed results on the data front. The dollar suffered losses later in the week mainly due to positive data and hawkish comments from Trichet out of the Eurozone. The Euro… read more