Foreign Exchange Archive
Goldman Calls a Bottom In The Dollar
Dollar strength will not be a straight line..... nevertheless, dollar lows are almost certainly behind us.
- "Calling A Bottom In The Dollar", Goldman Sachs
... the euro 'rubber band' is stretched as far as it's ever ...
Posted by Greg Feirman · No Comments »
Bernanke Continues To Jawbone About Inflation
Moreover, the latest round of increases in energy prices has added to the upside risks to inflation and inflation expectations. The Federal Open Market Committee will strongly resist an erosion of longer-term inflation expectations, as ...
Posted by Greg Feirman · No Comments »
Job Losses = Dollar Drop = Oil Rise = Stock Market Crash
June 6, 2008 · Category: Macro Economics, Commodities, Market Commentary, Foreign Exchange, Geopolitics
The unemployment rate rose from 5.0 to 5.5 in May, and nonfarm payroll employment continued to trend down (-49,000), the Bureau of Labor Statistics of the US Department of Labor reported today.
- May Jobs Report, ...
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Front Page WSJ Article On Bernanke’s Speech Yesterday
[Chairman Bernanke] went today where no other Fed chairman has gone in my 20 years of doing this. He dove into the deep end of the dollar policy pool.
- David Gilmore (subscription required), Foreign Exchange Analytics
As ...
Posted by Greg Feirman · 2 Comments »
Bernanke Talks Up The Dollar
June 3, 2008 · Category: Commodities, Market Commentary, Federal Reserve, Foreign Exchange, Inflation
In collaboration with our colleagues at the Treasury, we continue to carefully monitor developments in foreign exchange markets. The challenges that our economy has faced over the past year or so have generated some downward ...
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Dollar Weakness Enters Popular Culture
November 14, 2007 · Category: Foreign Exchange
"... it's an ominous sign when dollar weakness becomes ingrained enough in the popular mind for the currency to be spurned by runway models."
- "Gisele Dumps Ben" (subscription required), The Wall Street Journal, Editorial, Tuesday ...
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Is This A Dollar Crisis?
"We're in the midst of a dollar crisis here and the market is reflecting on the high cost of oil and the falling dollar and soaring gold prices. The good economic news is going to be ...
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Gold Blows Through $800 - Highest Level in 27 Years
November 3, 2007 · Category: Foreign Exchange, Gold
Gold blasted through $800/oz on Friday to close at $808.50 on the NYMEX.
That's the highest level since January 1980 and close to the all time closing high of $825.50 set on January 21, 1980.
But don't ...
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The Dollar Is Getting Killed
September 28, 2007 · Category: Market Commentary, Foreign Exchange
"The accelerated decline in the dollar has been well deserved."
- Axel Merk, Portfolio Manager, Merk Hard Currency Fund
Stocks are pretty much dead today.
But there is some interesting action going on in currency markets.
The euro has rallied ...
Posted by Greg Feirman · No Comments »
Stocks Stay Strong Despite Weak Housing Data
The stock market is certainly acting well.
This morning KB Homes (KBH) announced another ugly quarter.
New home sales were down 21% from last August and the median price was 7.5% lower.
The S&P is up 6 points ...
Posted by Greg Feirman · No Comments »
