HSBC Currency Weekly
Yen steals the limelight
- In a week where geo-political concerns dominated trading, the Japanese yen stole the limelight as a glimmer of change in the country's large-scale intervention policy was seen as a green light to buy the currency of the world's second largest economy.
- Sunday, March 21 - 2004 at 09:21
Euro slips against the dollar
- The week ahead is likely to be dominated by the meeting of the US Federal Reserve as a rate hike this year looks less likely given the sluggish jobs market, while the Madrid blasts renew fears about terror attacks. The Fed is not expected to lift rates.
- Sunday, March 14 - 2004 at 13:30
US jobs data ends dollar rally
- Disappointing US jobs data signalled the end of the three-week US dollar rally against the European currencies. The weak employment data reinforced the view that fundamentals have not changed and US interest rates will remain low.
- Saturday, March 06 - 2004 at 17:25
Will the ECB cut rates this week?
- In the past few weeks the euro has touched a record high just beyond the 1.29 mark and last week dropped a touch below 1.24 against the dollar amid speculation the European Central Bank would cut interest rates.
- Sunday, February 29 - 2004 at 10:23
G7 meeting not a dollar positive
- The G7 statement from Boca Raton was based on that issued in Dubai last September, butwith two added points.
- Tuesday, February 24 - 2004 at 16:07
US dollar recovers some ground
- Late last week the US dollar gained some ground after a long losing stretch against the euro. But it was a roller-coaster week with the situation looking very different on Wednesday.
- United Arab Emirates: Monday, February 23 - 2004 at 11:25
A tough week for the US dollar
- The greenback had a tough week against all the major currencies, and fell to near record lows against the euro and 11 year low against sterling. Accelerating its fall was the Fed Chairman Alan Greenspan's testimony in which he dismissed worries about dollar's weakness.
- Sunday, February 15 - 2004 at 10:25
Concern about the euro's surge against the dollar
- The Group of Seven (G7) industrialised nations meeting in Florida on the 6th and 7th February, continues to hold the limelight. There is a growing consensus, that the United Stated, Europe and Japan will not be able to agree what is the best course of action for halting the decline in the dollar.
- Saturday, February 07 - 2004 at 13:40
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