HSBC Currency Weekly
Dollar continues to rally
- Narrower than expected US trade deficit and robust retail sales numbers eased concerns about the US economic outlook. The latest US economic data had cemented market expectations the Federal Reserve will continue raising interest rates to cool building inflationary pressures.
- Saturday, May 14 - 2005 at 15:29
Dollar rally on US rate rise
- The dollar rallied after the Fed increased interest rates by 25 bps to 3%, as expected, and on strong U.S. jobs data that suggested for further interest rate hikes. Meanwhile, The European Central Bank held interest rates steady at 2%.
- Saturday, May 07 - 2005 at 16:19
Inflation fears rattle currencies
- US data pointed to slower growth accompanied by increasing inflationary pressure in the US economy. Markets keenly await the release of the statement following the Fed meeting on the 3rd of May for clues on the pace of further interest rate hikes.
- Saturday, April 30 - 2005 at 13:45
Dollar falls on lower growth
- Mixed economic data from the United States cast a shadow of uncertainty on the outlook of the US economy. The market's focus now turns to the US consumer confidence and growth data for further clues on the US economic outlook.
- Saturday, April 23 - 2005 at 14:46
Dollar at the mercy of speculators
- Dollar's outlook remained uncertain, with market participants divided between the positives for the US currency, like rising interest rates and solid growth, as well as the negatives of the US current account and budget deficits, leaving currencies at the mercy of speculators.
- Saturday, April 16 - 2005 at 13:12
US data awaited next week
- The US dollar was well supported on expectations that the Federal Reserve would continue to tighten credit amid concerns that inflation would rise in a fairly robust US economy. Next week, US trade data and capital flow figures will be key influences on the greenback.
- Sunday, April 10 - 2005 at 09:25
US dollar holds upper hand
- It was the dollar all the way, as even the weakest gain in US non-farm payrolls in eight months failed to stop the once-almighty currency, which returned to winning ways, rekindling memories of yesteryear sending shock waves across dollar-negative circles.
- Saturday, April 02 - 2005 at 16:00
US dollar in sharp rally
- The dollar rallied sharply against most major currencies on expectations that U.S. may increase the interest rates more aggressively. The Fed hiked its rates by 25 basis points to 2.75 pct. Focus now turns to U.S. jobs data next week for further clues on the outlook of US interest rates.
- Sunday, March 27 - 2005 at 08:46
Web Feeds