HSBC Currency Weekly

Bearish time for US dollar
This week markets have been bearish on the dollar after the release of a string of disappointing economic data from the US, which has resulted in the greenback falling to three month lows against the euro, pound and Swiss franc.
Saturday, September 03 - 2005 at 16:22

China's currency on the radar screens
Bonds and currency markets have found little direction during the traditionally thin August trading session. China's currency remains on the radar screens for financial markets particularly for the yen, which typically gets a boost from any talk of further yuan revaluation. U.S jobs data is also expected to spice up trading next week.
Saturday, August 27 - 2005 at 14:41

The dollar supported by strong U.S. economic data
Over the week, the dollar was supported by a series of strong U.S. economic data, which raised speculations that the U.S. Federal Reserve will continue to hike its interest rate. Meanwhile, the dollar's rallies against the yen was limited on optimism that Japanese Prime Minister Junichiro Koizumi may win the election on Sept. 11 and drive economic reforms forward.
Saturday, August 20 - 2005 at 14:10

Euro slipped against the dollar
Oil prices topped $66 a barrel reaching a record high as robust U.S. economic growth kept refiners straining to meet demand. The impact of sky-high oil prices on the world will be in focus next week, along with the release of inflation data from the United States, Eurozone and Britain.
Saturday, August 13 - 2005 at 13:12

US interest rate expected to rise
The U.S interest rate is expected to rise this week in view of growth in the world's largest economy. Investors will wait for Bank of England inflation report to see weather British rates will fall again this year.
Saturday, August 06 - 2005 at 13:47

Dollar enters volatile phase
The dollar has strengthened in recent months, helped by forecasts of US interest rates rising to about 4.0 percent by year-end. A raft of US data next week will help judge the strength of the world's biggest economy and how far US borrowing costs could rise this year.
Sunday, July 31 - 2005 at 07:13

China scraps its dollar peg
The People's Bank of China took markets by surprise and scrapped the yuan's peg to the US dollar. Elsewhere, the British pound remained in the doldrums as more terrorist attacks loom.
Saturday, July 23 - 2005 at 15:07

US dollar pushes higher
The narrower-than-expected US trade deficit in May was the biggest factor to push the dollar higher across the board. Although other US economic data also helped the greenback and indicated further interest rate hikes. Meanwhile, speculation about an interest rate cut in the UK continued to pressure sterling.
Saturday, July 16 - 2005 at 17:02