Concern Over Global Rates And Growth Stalls The Rebound In Carry
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Daily FX
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25 minutes ago The DailyFX Carry Trade Index was practically unmoved from last week after heavy event risk failed to generate direction for the yield strategy. In fact, carry interest has actually worked its way into a period of congestion that has sapped all of the momentum out of the developing rebound after the March reversal.
ECB Raises Rates To Restrain Inflation, But Signals No Further Hikes Looming
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Investor's Business Daily
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1 hour, 17 minutes ago The European Central Bank hiked its benchmark interest rate by a quarter-point 20hursday but signaled no more boosts are on the way, giving the dollar a lift.
Forex in 60 Seconds - NFPs Plunge And The ECB Hikes Yet EURUSD Drops 200 Points
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Daily FX
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1 hour, 55 minutes ago
British Pound: Economic Data Continues to Worsen
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Daily FX
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2 hours, 23 minutes ago The British pound extended its losses as bad news continues to pour out of the UK. Service sector PMI fell to the lowest level since October 2001.
Euro Collapses as Trichet Proves to be a Big Disappoint
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Daily FX
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2 hours, 25 minutes ago For the first time since 2007, the European Central Bank raised interest rates by 25bp to 4.25 percent. However despite this move, the Euro dropped more than 200 pips when ECB President Trichet failed to signal to the markets that interest rates would be increased again this year.
No Blowout Moves in the Japanese Yen
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Daily FX
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2 hours, 26 minutes ago The US dollar was itching for a breakout against the Japanese Yen prior to the non-farm payrolls report.
Australian, New Zealand and Canadian Dollars Hit by US Dollar Strength
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Daily FX
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2 hours, 35 minutes ago Broad dollar strength has pushed the Australian, New Zealand and Canadian dollars lower. The Australian trade deficit was slightly wider than expected as exports slow and imports grow.
Dollar Rallies after NFP - How Much Further Can it Rise?
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Daily FX
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2 hours, 46 minutes ago - Euro Collapses as Trichet Proves to be a Big Disappoint - British Pound: Economic Data Continues to Worsen
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