HSBC Currency Weekly
Negative momentum for the dollar
- Some of the mid-summer sluggish conditions were shaken out of the foreign exchange markets last week as the dollar slid to a four-month low against the euro. Negative momentum for the dollar began to pick up in mid-week before weekend profit taking and position-squaring.
- Saturday, July 10 - 2004 at 17:58
US payroll numbers rock dollar
- US Federal Reserve, as expected, increased its interest rates for the first time in four years to 1.25 per cent. However, soft US. economic data bolstered the market's view that the Fed can raise interest rates at measured pace.
- Saturday, July 03 - 2004 at 17:21
Pressure grows on the US dollar
- Rates, oil and terrorism were the top most topics during a week where the pressure on the greenback intensified as market players reassessed their expectations of aggressive US interest rate hikes due to mixed economic data and concerns over terrorist strikes.
- Saturday, June 26 - 2004 at 14:51
US dollar gains versus euro
- It was an eventful week for the greenback with a slew of economic data out of the US confirming market expectations of an interest rate hike of 25 basis points by the Federal Reserve at their month end meeting.
- Saturday, June 19 - 2004 at 17:00
US interest rate rise looks closer
- Comments from Fed Chairman Alan Greenspan and St Louis Fed President William Poole have led to shock waves in the markets, suggesting the Federal Reserve will adopt an aggressive monetary stance.
- Saturday, June 12 - 2004 at 16:26
US interest rates to rise later this month
- As expected the data showed robust gains in US jobs in May, reinforcing prospects for an interest rate hike later this month but leaving the question of its magnitude open to debate.
- Saturday, June 05 - 2004 at 12:23
Inflation, oil prices worry traders
- In the absence of major US economic indicators this week the market is looking forward to next Friday's monthly jobs report for clues as to whether the economy and the labour market, is strong enough to warrant a US interest rate hike in late June as the market has been expecting.
- Sunday, May 30 - 2004 at 09:19
Geopolitical tensions test the dollar
- Geopolitical tensions, following bombings in Turkey and Iraq that heightened security fears, pressured on the dollar over the week. However, prospects of higher US interest rates limited the dollar's weakness.
- Saturday, May 22 - 2004 at 16:23
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