HSBC Currency Weekly
US dollar rides high on rate debate
- The greenback dominated the past week as a spate of US economic data continued to point towards a move by the US Federal Reserve, although uncertainty over the timing took some gloss off the world's most popular currency.
- Saturday, May 15 - 2004 at 14:24
An eventful week for forex
- It was an eventful week for the foreign exchange markets as all three major central banks, the US, European and UK, met and the UK raised interest rates. The Fed also announced the move to a measured pace of monetary policy.
- Sunday, May 09 - 2004 at 09:52
HSBC's views on interest rates
- What is likely to happen to interest rates? The following information from HSBC is subject to change without notice.
- Sunday, May 02 - 2004 at 16:36
US dollar in a strong rally
- The greenback made hefty gains against all major currencies as the euro and Sterling tested four-month lows, while the Japanese yen was pinned to a tight range and was unable to make any headway despite a steady Nikkei. US monetary policy and interest rates will be the driving forces in the week ahead.
- Saturday, April 24 - 2004 at 14:25
US dollar reverses its advance
- The week ahead will be relatively quiet in terms of US economic news, with markets keenly awaiting the testimony to the Congress by the Federal Reserve Chief Alan Greenspan. Traders are betting the Fed could hike rates as early as August.
- Sunday, April 18 - 2004 at 09:57
Iraq fears limit US dollar rally
- The previous week's strong US jobs report helped the dollar against the major currencies. The strong US data painted a brighter economic picture and raised hopes for a hike in US interest rates. But escalating violence in Iraq increased security fears and limited the rally.
- Sunday, April 11 - 2004 at 09:13
Expect higher British interest rate
- Sterling moved higher on the back of weak US economic data and ECB's decision to hold euro interest rates steady, taking it to a new high of 1.8604, its highest level since early March.
- Saturday, April 03 - 2004 at 17:19
Euro lower on interest rate speculation
- Expectations the ECB could cut interest rates in June, or possibly at the April 1 meeting took the euro below its recent trading range to flirt with support at 1.2100. In Japan, the rating agency S&P changed its outlook for Japan from negative to stable.
- Sunday, March 28 - 2004 at 09:45
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