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DailyFX Currency Update


  • Demand for Carry Trades Remain Low at Current Levels

  • Safe haven bid helps dollar as markets wait for the next shoe to drop; Demand for carry trades remain low at current levels; British pound hit by fear that the next big blowup could be in the UK
  • Wednesday, August 22 - 2007 at 01:49
  • Japanese Yen Crosses Get Decimated, but is the Sell-off Over?

  • Dow stages impressive comeback, dollar skyrockets on rising risk aversion, but will the Fed still cut interest rates?; Japanese yen crosses get decimated, but is the sell-off over?; Australian dollar breaks below 80 cents, New Zealand dollar below 70 cents
  • Friday, August 17 - 2007 at 01:22 | readers' rating 6/10
  • Japanese Yen Continues to Outperform All of the Majors

  • Carry trades continue to sell off as Dow tumbles below 13,000 on Red Letter Wednesday; Japanese yen still outperforming other major currencies; Sharp losses continue for the Australian, New Zealand and Canadian dollars
  • Thursday, August 16 - 2007 at 01:18 | readers' rating 6/10
  • Are Speculators Still Buying Carry Trades?

  • Meltdown continues, lack of Fed injection fails to calm the markets - but the dollar benefits; Are speculators still buying carry trades?; Australian, New Zealand and Canadian dollars all see sharp losses
  • Wednesday, August 15 - 2007 at 01:27
  • Carry Trades In for More Losses

  • Markets in turmoil: What next for the US dollar?; Carry trades in for more losses; Euro collapses as ECB steps into the market
  • Friday, August 10 - 2007 at 01:13 | readers' rating 5/10
  • British Pound Slips Ahead of Quarterly Inflation Report

  • Dollar reverses after FOMC signaling that traders don't believe Fed will stay hawkish for long; Reserve Bank of Australia expected to raise interest rates; British pound slips ahead of quarterly inflation report
  • Wednesday, August 08 - 2007 at 01:21 | readers' rating 6/10

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