HSBC Currency Weekly

Market awaits Bush economic stimulus package
As the global financial community ushered in yet another New Year, the dollar remained on the edge as the United States continued to prepare for a possible confrontation with Iraq. The European single currency proceeded smoothly and faced little obstacles as dollar bears held a firm grip on the currency markets.
Saturday, January 04 - 2003 at 16:15

Dog days for the US dollar
The mood for the dollar is purely negative and will be the theme for the first quarter next year. The dollar was traditionally seen as a safe-haven in times of war, but attacks on US soil on September 11 2001 and the huge trade deficit have wiped out the US currency's appeal.
Saturday, January 04 - 2003 at 10:19

US dollar suffers from war tensions
In probably the last real trading week of this year, currency markets experienced high levels of volatility, as the greenback suffered blow after blow and was beaten all ends up due to mounting concerns over the increasing possibility of a war with Iraq.
Sunday, December 22 - 2002 at 09:36

Euro at a three-year high versus US dollar
German Ifo business sentiment survey takes centre stage next week as market assess whether Europe's biggest economy is still in the doldrums, while US output data could point to a growth rebound across the Atlantic.
Sunday, December 15 - 2002 at 09:29

US dollar tumbles on euro rate cut
The European Central Bank trimmed the eurozone's benchmark lending rate by half a percentage point to 2.75 percent, to help revive borrowing and investment in the 12-nation bloc. U.S. retail sales, business confidence data in Germany and Japan, and a Federal Reserve interest rate meeting will provide the focus for global bond and foreign exchange markets next week.
Sunday, December 08 - 2002 at 17:25

ECB interest rate cut expected
Bonds and foreign exchange markets' will be focused on central bank interest rate decisions in five major economies next week, but attention will also be on the USA with purchasing management and non-farm payrolls data. Rate decisions are due in the euro zone, Britain, Canada, Australia and Sweden.
Saturday, November 30 - 2002 at 14:43

Euro and yen weaken on banking fears
The dollar surged higher against the euro and the yen amid fears about Germany and Japan banking system outweighed the latest indication that the US economy's recovery from recession may be faltering. Moreover, expectation that European Central Bank might trim its interest rates from 3.5 per cent next month hurt the single currency.
Sunday, November 24 - 2002 at 10:10

A wobbly note for the greenback
Germany, the staggering giant of the eurozone, tips back into the market spotlight in the coming week, when it gives a first reading of whether it grew, shrank or simply stagnated in the third quarter of this year. With big question marks still hanging over the health of the US economy, the Philadelphia Fed gauge of manufacturing activity will be the week's test of US convalescence.
Sunday, November 17 - 2002 at 10:16