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dailyfx.com
The majors have traded in a tight range against the US Dollar on Monday as market participants in Asia and Europe take the opportunity to digest Chinese data from the weekend as well as the US labor market data from Friday. But a second glance at the US labor report on Friday may not yield the same exuberant reaction seen the first flyby.
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dailyfx.com
- Yen rises vs dollar for 1st time in a week, but weakness to resume
- Hints of early BOJ easing prompted earlier yen selling
- Near-term risk reversals flip to yen calls
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theaustralian.com.au
The Australian dollar was higher in Asian trading yesterday as investors continued to lower their expectations of further interest rate cuts this year.
National Australia Bank said it expected interest rates to be cut by another half a percentage point in the current easing cycle. It started the year expecting a full percentage point of reductions.
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dailyfx.com
- Dollar Eases a Second Day as Dow Matches Strongest Rally in Years
- Euro: Signs of Liquidity Trouble, Watch Key Bond Auctions and EU Topics
- New Zealand Dollar: Is RBNZ Policy Speculation Going to Follow BoE Footsteps?
- British Pound Extends Decline as Data Feeds Fear of Triple Dip Recession, Stimulus
- Japanese Yen Advances for the First Time in 4 Days, Policy Officials Have Spoken
- Australian Dollar Heading into Volatility with Thursday Jobs Data
- Gold Posts Biggest Rally in Two Weeks on Fading Volume, Volatility
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dailyfx.com
- Euro: Cyprus Struggles to Secure Bailout, ECB to Remain ‘Accommodative’
- British Pound: To Hold Steady Ahead of U.K. CPI, BoE Minutes
- U.S. Dollar: Producer Prices Remain Soft, Jobless Claims Weakens Further
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dailyfx.com
The European Central Bank released its monthly economic bulletin, saying there is a downside risk to the central bank’s economic outlook. However, the bulletin also said it sees a gradual recovery later in 2013, as contained inflation allows the ECB to remain accommodative, thereby reiterating Draghi’s comments from earlier in the month.
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http://uk.reuters.com
* Dollar retreats from 7-month peak, sentiment positive
* Strong U.S. data contrasts with weak euro zone numbers
* Technicals point to key euro/dollar and dollar/yen levels
* Swiss franc, Norway crown fall after policy decisions
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kashmirtimes.com
Falling for the second straight day, the rupee today declined by five paise to end at 54.35 as US dollar demand exceeded supply, amid renewed speculation that RBI will cut interest rates next week.
Strong dollar overseas after February US retail sales exceeded forecasts also weighed on the rupee even as a sharp recovery was seen in local stocks, a forex dealer said.
Initial dollar selling by exporters was totally offset by late dollar demand from importers and some banks, he added.
At the Interbank Foreign Exchange (Forex) market, the rupee commenced lower at 54.36 a dollar from last close of 54.30. It later traded in a range of 54.17 and 54.53 on alternate bouts of buying and selling. The rupee finally closed at 54.35, a fall of five paise or 0.09 paise.
Yesterday, it had declined by 12 paise or 0.22 per cent.
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marketwatch.com
Next stop: 1992. That’s the last time the Dow has strung together 11 straight sessions in the green.
It’s also a price level that the S&P, which should break through its 1,565 high today, could end up taking out if this steady march continues.
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economiccollapsenews.com
A recession turns into a depression when the government intervenes. Looking back at history, this phenomenon is rather apparent, especially in times of economic downturns when the self-proclaimed crusaders of justice implement their Keynesian economic policies.
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