HSBC Currency Weekly
US dollar fails to hold gains
- Comments from U.S. Federal Reserve Chairman Alan Greenspan, which offered a cautiously upbeat view on the outlook of the U.S. economy and weak U.S. economic data pressured on dollar against most major currencies over the week.
- Sunday, September 12 - 2004 at 09:45
Dollar up on better job news
- Federal Reserve Chairman Alan Greenspan will speak before the House of Representatives' Budget committee on Wednesday. Greenspan's testimony is the only real factor that matters for the global foreign exchange and debt markets this week.
- Sunday, September 05 - 2004 at 09:32
Retreat in rising oil prices
- The greenback stole the limelight and appreciated against the major currencies due to a retreat in rising oil prices, coupled with positive comments from U.S. Federal Reserve officials and on positive data.
- Saturday, August 28 - 2004 at 14:04
Soaring oil prices will start to affect economic activity
- The U.S. unit was well supported against the major currencies as the oil prices fell marginally from its record highs and after a rebound in U.S. net capital inflows.
- Saturday, August 21 - 2004 at 15:09
Disappointing trend in the path towards an economic recovery
- The Federal Reserve as expected increased the fed funds rate to 1.50 from 1.25 percent. However, investors are less confident that the Fed would follow this up with an additional rate rise in September as U.S. economic figures released on Friday portrayed a disappointing trend in the path towards an economic recovery.
- Saturday, August 14 - 2004 at 12:52
Bank of England set to raise rates
- Next Friday's US payrolls data will follow eurozone and US manufacturing and service sector surveys, as well as central bank meetings expected to keep euro zone rates on hold and raise British borrowing costs by a quarter point.
- Saturday, July 31 - 2004 at 16:35
Greenspan hints on higher rates
- The talk of the town this week was how Fed Chairman Alan Greenspan wrong footed the currency markets with his surprisingly hawkish comments about the US economy, prompting the US dollar to put up a flawless performance, easily cruising past its major counterparts.
- Sunday, July 25 - 2004 at 09:18
Negatives pile up for the US dollar
- Figures showing a decline in foreign appetite for US assets in addition to weaker-than-expected US core inflation and consumer sentiment hurt the dollar, dimming expectations for future dollar-boosting interest rate rises from the Federal Reserve.
- Saturday, July 17 - 2004 at 15:19
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