Market Info

View market info for:

Daily Forex Commentary

23/06/2010 | OzForex

:: United States Dollar: The US dollar held firm against a range of currencies yesterday, but lost ground against the Pound as investors reflected on the effects of the “tough but necessary” British budget. Ratings agencies and traders took the news as positive, and reflective of a concerted effort ...
read more

Daily Forex Commentary

22/06/2010 | OzForex

:: United States Dollar: The party didn’t seem to last long, as investors’ unwound riskier positions in favour of safe haven assets this morning, benefiting the US dollar and driving the Swiss Franc higher against a basket of currencies. In the US, existing home sales increased for a third month as ...
read more

Daily Forex Commentary

21/06/2010 | OzForex

:: United States Dollar: The dollar opened weaker this morning, as investors turned to riskier assets in the hunt for yield during the current period of lower volatility. This movement into riskier assets doesn’t indicate a change in sentiment (i.e. an increase in risk appetite) and the recent rise ...
read more

Daily Forex Commentary

18/06/2010 | OzForex

:: United States Dollar: The pound quickly recovered against the US dollar yesterday morning, this after being sold off post Merv King speech. Supporting GBP/USD was a solid set of local retail sales figures, rising 0.6% in May against expectations for a 0.1% rise. Moreover GBP/USD has moved in ...
read more

Daily Forex Commentary

17/06/2010 | OzForex

:: United States Dollar: After pushing through the 1.4800 figure yesterday and on to a high of 1.4850, GBP/USD has since slumped. This follows George Osborne’s announcement last night that he will pass responsibility from the FSA to the BoE for bank and insurance regulation. Merv King spoke at ...
read more

Daily Forex Commentary

16/06/2010 | OzForex

:: United States Dollar: The pound pushed yet higher against the US dollar yesterday. Markets chose to ignore a poor set of economic data from Europe and weak UK consumer confidence figures released overnight. Instead it seemed traders were only interested in short covering whilst risk sentiment ...
read more

Daily Forex Commentary

15/06/2010 | OzForex

:: United States Dollar: The pound rallied against the US dollar yesterday reaching a high of 1.4805. It remains firm this morning and opens up at 1.4730, supported by positive local house price data, released overnight and moreover positive risk sentiment as equity and commodity prices stay ...
read more

Daily Forex Commentary

14/06/2010 | OzForex

:: United States Dollar: The pound fell against the US dollar on Friday following the release of weaker than expected UK manufacturing production and PPI input data. Manufacturing in April fell for the first time in three months, by 0.4%, as car production dropped. GBP/USD slipped down towards ...
read more

Daily Forex Commentary

11/06/2010 | OzForex

:: United States Dollar: Risk sentiment seems to have improved slightly heading into the weekend. Yesterday the dollar gave up most of its gains against a range of currencies as investors digested positive news flows on both sides of the Atlantic. Treasury Secretary Geithner, whilst continuing his ...
read more

Daily Forex Commentary

10/06/2010 | OzForex

:: United States Dollar: The dollar sold off slightly against a basket of major currencies yesterday, but by no means was this an about turn in risk appetite. In the US, Federal Reserve Chairman Bernanke has reiterated his commitment to helping sustain the recovery, and to countering the effects of ...
read more