HSBC Currency Weekly
Muted reaction to Ben Bernanke
- The nomination of White House adviser Ben Bernanke as Chairman of the US Federal Reserve was cheered on as markets took comfort from the view that he too backed a slow but steady rise in US interest rates.
- Sunday, October 30 - 2005 at 08:38
Dollar ends on higher note
- The greenback ended the week on a higher note as the prospect of more US interest rate increases boosted the yields on dollar-denominated assets and provided support to the dollar. The US currency further gained after an investment bank raised their target for the federal funds rate.
- Saturday, October 22 - 2005 at 14:34
Weaker levels for sterling
- Continuous expectation of interest rate increases supported the dollar over the week. However, by the end of the week the greenback reversed its rallies after the release of a series of US economic figures that was below market expectations.
- Saturday, October 15 - 2005 at 13:29
Dollar at a three-month high
- With a string of solid US economic data and recent hawkish comments from the Fed officials, investors are betting on more interest rate increases by the US Federal Reserve.
- United Arab Emirates: Saturday, October 08 - 2005 at 15:01
US dollar rises on higher rates
- The dollar strengthened against a basket of currencies as oil prices retreated after Hurricane Rita caused less damage than expected, which increased chances that the Fed would continue to tighten its monetary policy.
- United Arab Emirates: Saturday, October 01 - 2005 at 14:54
Hurricane Rita to drive markets
- Dollar shines after the intensity of Hurricane Rita diminished. Euro weakens after China said it would widen daily trading bands for its yuan currency against units other than the dollar, while falling oil prices helps underpin the greenback.
- Saturday, September 24 - 2005 at 15:11
Ignore negatives, ride positives
- The dollar reflected this age old proverb and lived up to its reputation as the world's most stable currency, as it dodged past mixed economic indicators to end the week on a winning note; on the back of expectations of a yield-boosting rate hike at next week's Fed meeting.
- Saturday, September 17 - 2005 at 17:37
Katrina still currency market focus
- This week markets have been vigilant and kept the dollar confined in tight ranges, as a fair degree of uncertainty looms over the outlook for both oil prices and the US interest rates. In the coming week, markets will continue to focus on the implications of Hurricane Katrina.
- Saturday, September 10 - 2005 at 16:49
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