HSBC Currency Weekly

US dollar heading even lower
The dollar continues to languish despite positive economic data. Euro and Sterling the main beneficiaries of bearish dollar sentiment. Currency analysts believe a breach of USD1.22 level is likely in the not too distant future.
Sunday, November 30 - 2003 at 09:36

Interest rates in the spotlight
Next week investors will be keeping a close eye to clues as to when central banks may be raising interest rates, by scrutinising inflation datafrom both sides of the Atlantic as well as minutes from Bank of England's rate-hikingmeeting.
Sunday, November 16 - 2003 at 09:49

US dollar up on economic optimism
Currency markets, where traders have been focused on a decline in the dollar, finally succumbed to bullish hopes for the US economy this week and sent the greenback moving sharply higher.
Saturday, November 08 - 2003 at 15:35

UK rates set to rise this week
The Bank of England is widely expected to start raising interest rates this coming week which could be the start of a global round of interest rate tightening.
Saturday, November 01 - 2003 at 15:44

UK rates outlook boosts Sterling
A Snowstorm hit markets during the last week, as comments by Man-of-the-week John Snow dominated movements in the currency markets. The greenback, which derived support from his comments at the onset failed to sustain the momentum as it ended the week in a hapless mood due to developments in Europe, which indicated that UK might take the lead in raising interest rates.
Monday, October 27 - 2003 at 09:14

Dollar ends a seven week losing streak
US President George W. Bush's much awaited meeting with Japanese Prime Minister Junichiro Koizumi had few surprises. Bush told Koizumi that markets should determine exchange rates. Analysts believe he had set the stage effectively in the days leading up to this Asia trip when he warned Japan and China to refrain from intervening to weaken their currencies against the dollar in support of their export markets.
Saturday, October 18 - 2003 at 15:34

US dollar at three-year low
The greenback remained under pressure through out the week amid growing concerns that US and European authorities would let it weaken to narrow the US current account deficit. The dollar fell to fresh three-year low of 108.28 against the Japanese currency and near four-month lows of 1.1860 against the single European currency.
Saturday, October 11 - 2003 at 14:42

US employment data revives the dollar
The greenback got some support from unexpected surge in the US employment report for September and rallied against the major currencies. The yen remained broadly firm against the dollar and the euro as speculation of Japanese intervention limited the yen's rise.
Saturday, October 04 - 2003 at 15:03