HSBC Currency Weekly
Sterling continue its decline
- Expectations of further U.S interest rate hikes and upbeat economic data sparked a strong rally in the dollar, driving it up across the board. U.S trade deficit data is expected to attract attention next Wednesday.
- Saturday, July 09 - 2005 at 13:54
US dollar in broad based rally
- The Greenback made a mockery of other major currencies during the past week as it staged a broad-based rally deriving support from expectations of further US interest rate hikes and upbeat economic data. All major currencies suffered in the face of the latest onslaught.
- Saturday, July 02 - 2005 at 16:25
Unexpected dollar rally
- The US dollar which was in the doldrums for much of the last couple of years due to concerns over the US twin deficits, has been the main gainer last week with the focus returning to the prospect of further interest rate hikes, helping the dollar to stage an unexpected rally.
- Saturday, June 25 - 2005 at 13:24
US rates still heading higher
- Despite recent weak US economic data, steady chorus of the Fed officials suggested that US interest rates still have room to rise. The Fed is widely expected to raise rates by a quarter percentage point at its next meeting on June 29-30, which would be its ninth straight rate hike.
- Sunday, June 19 - 2005 at 09:42
Euro sentiment under the hammer
- Economic and political malaise afflicting the eurozone continues to hammer euro sentiment. The euro, which was trading $1.29 only a month ago slumped as low as $1.2107, it weakest level since 8th September 2004, after a narrower-than-expected US trade deficit.
- Saturday, June 11 - 2005 at 15:43
EU future rattles currencies
- Rejection by France and Netherlands to the EU constitution cast doubt on the future of European policy-making and the euro zone economy. Meanwhile, the US dollar hardly reacted to US economic data including jobs that came in much lower than markets expectations.
- Saturday, June 04 - 2005 at 15:54
US dollar consolidates its gains
- The dollar consolidated its position as the currency of choice during the past week, as it dodged past a few minor hiccups in the form of data and a confusing Fed report to consolidate its gains made on the back of solid economic numbers from the previous week.
- Saturday, May 28 - 2005 at 12:53
US rates outlook boosts dollar
- Expectations that the Fed will continue to raise interest rates at a measured pace have pushed the dollar up by more than six per cent against the euro and widened spreads between U.S. and the euro zone government bonds since the start of the year.
- Saturday, May 21 - 2005 at 15:07
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