HSBC Currency Weekly
Euro on a roller-coaster ride
- The euro has been through a roller-coaster ride over the last few weeks due to mixed signals coming from euro zone policy makers. European policymakers did not indicate how they would reduce volatility and curb the euro's strength, or that they would use interest rates or currency intervention.
- Saturday, January 24 - 2004 at 12:17
Dollar in a strong rally
- Speculation about intervention by central banks, the direction of interest rates and the outcome of the upcoming G7 meeting drove currencies this week. The dollar rallied steadily following the first signs of disquiet about the stronger euro from the European Central Bank.
- Sunday, January 18 - 2004 at 10:03
USD1.26-1.31 euro this week
- Worries about the US current account deficit and the prospect of US interest rates will remain at 45-year lows for some time weighed on the dollar and pulled it to record lows against major currencies.
- Saturday, January 10 - 2004 at 14:56
US dollar at a record euro low
- Worries that the United States will not attract investment flows to cover its widening current account deficit knocked 17 percent off the dollar's value against the euro in 2003. The British Pound has gained more than 10 percent on the greenback this year.
- Saturday, January 03 - 2004 at 13:49
Little cheer for the US dollar
- The greenback had little to cheer about during the holiday season as traders stayed away from buying it due to fears of possible terror attacks on the United States and the impact of the mad cow disease in the coming weeks.
- Saturday, December 27 - 2003 at 13:38
Dollar fails to hold Saddam bonus
- Even the capture of Saddam Hussein last week failed to support the US dollar for more than a matter of hours. The two biggest factors for the dollar's decline in recent months have been the US current account deficit and the prospect of continued low interest rates.
- Sunday, December 21 - 2003 at 09:45
Dollar falls blow by blow
- In what may have been the penultimate week of action-packed trading, market players across the globe watched with horror as the once mighty US dollar was dealt blow after blow by a rejuvenated euro, which took giant leaps and created a fresh all time high for the second week running.
- Saturday, December 13 - 2003 at 17:08
US dollar's woes multiply
- Dollar bears have clawed their way to the top of the financial market as the ailing greenback tumbled across the board against all major currencies. Some market participants expect the dollar to tumble further.
- Saturday, December 06 - 2003 at 18:50
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