HSBC Currency Weekly
Concerns over the health of the US economy
- The greenback traded in ranges during the past week, as data showed that the United States was far from addressing its crucial trade deficit which swelled to a record USD 60.3 Billion in November and re-ignited concerns over the health of the US economy.
- Sunday, January 16 - 2005 at 00:10
The Fed is expected to raise interest rates again
- The U.S dollar commenced the year on a stronger note as analysts focused on expectations that the U.S. economy would outperform against Europe and Japan, leading to more attractive interest rate for the U.S. currency.
- Saturday, January 08 - 2005 at 14:52
2004 closing mid-rates
- Here is a useful list of how currencies closed against the US dollar and UAE dirham at the end of 2004.
- Sunday, January 02 - 2005 at 12:45
Dollar hits fresh all-time low
- The dollar traded in narrow ranges against most major currencies in thin, pre-holiday session. As the week advanced, the euro hit a fresh all time high against the dollar on concerns about the US current account deficit.
- Sunday, December 26 - 2004 at 08:48
Dollar enters the doldrums
- In a tough battle, the dollar staged something of a rebound over the last week or so, as traders and investors continue to close out their positions and book profits prior to the year-end holiday's season. However, concerns about the ability of the US to finance its burgeoning trade and current account deficits kept the greenback in the doldrums.
- Saturday, December 18 - 2004 at 15:05
Dollar up on rate outlook
- The US dollar rose sharply across the board on profit taking ahead of the year-end and after the release of string of US economic figures, which suggested that the US Federal Reserve may increase its interest rates further at its meeting in the week ahead.
- Saturday, December 11 - 2004 at 14:40
Markets set to push dollar lower
- The US dollar fell against all other majors weighed down by concerns over the massive US trade deficit, lack of action among US policy-makers to slow the dollar's slide and speculation that some central banks are increasing their euro holdings.
- Saturday, November 27 - 2004 at 14:35
US dollar, stocks, bonds fall
- The US dollar, US stocks and US bonds were subjected to a round of rigorous mauling as market demand for dollars and dollar based assets got a jolt due to a struggling economy and disturbing comments.
- Saturday, November 20 - 2004 at 13:53
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