HSBC Currency Weekly
Outlook for the US dollar
- Our strategy and analysis of the dollar this year has been very specific. It is worth reiterating how we have analysed the dollar. We broke down the trading of the dollar into two parts; the cyclical and the structural.
- Tuesday, November 16 - 2004 at 10:36 |
Mixed US economic data
- Uncertainty over presidential election, high oil prices and revival of concerns over the US current account deficit has undermined the dollar. In addition to next week's US election, financial markets are keeping a close eye on the October employment report due late next week.
- United Arab Emirates: Saturday, October 30 - 2004 at 14:18
US dollars stays under pressure
- The dollar remained under pressure over the week amid worries about the outlook of the US economy, as US trade deficit hit a record level, and uncertainty over the outcome of the US presidential election on November 2.
- Saturday, October 23 - 2004 at 14:09
US trade deficit knocks the dollar
- Oil jumped to a record USD55 a barrel on supply worries. Financial markets will scrutinise next week's data for any signs of weakness in the global economy due to high oil prices, paying particular attention to consumer spending and manufacturing prices.
- Saturday, October 16 - 2004 at 15:39
Oil prices fail to dent US dollar
- The glorious uncertainties of foreign exchange markets came into prominence during the past week, as currency markets which remained range bound, sprung into action following the release of a weaker-than-expected US jobs report forSeptember.
- Sunday, October 10 - 2004 at 15:26
US dollar takes a beating
- Over the week, the Japanese yen was under pressure as oil prices hit a new high of $50 per barrel. Meanwhile, the dollar took a beating from weak US economic data and uncertainty of what G7 finance ministers may discuss this weekend in Washington.
- Saturday, October 02 - 2004 at 14:04
US rates heading upwards
- The Federal Reserve imposed an expected 25 basis point hike in the Fed funds rate to 1.75 percent, adding to similar increases in June and August. Minutes of the August 10 meeting said US economic data would be short-lived and signalled significant policy tightening.
- Saturday, September 25 - 2004 at 15:01
More questions than answers
- Alan Greenspan kept market players at bay during the past week, forcing currency markets to trade in ranges ahead of their policy meeting next week. Patience remained the key word for markets as reaction to data was unusually muted with analysts betting on a 25 point hike in US rates.
- Sunday, September 19 - 2004 at 09:39
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