July 2013 FX News

Dollar at a six-month high 30 Jul at 9 AM The US dollar has hit a six-month high against other currencies as investors turn away from the euro. The greenback has been given a boost by expectations that the Federal Reserve could soon announce a hike in interest rates and that the second quarter will show stronger growth than the first.

The dollar index is up 0.2 per cent...

New Zealand dollar suffers as rates hiked 24 Jul at 6 AM The New Zealand dollar has hit its lowest level in nearly six weeks. The country’s central bank has introduced its fourth interest rate hike in a row. The kiwi dollar is currently down almost a cent at $0.8606. The euro is also hovering around an eight-month low at $1.3461.

This means the dollar index is doing well and the US...

Euro and dollar fall 18 Jul at 5 AM The safe haven yen has rallied after tensions in Gaza increase and news comes in that a Malaysian Airlines flight has been shot down over Ukraine. The Japanese currency is up against both the euro and the dollar. All 298 people on board the jet have been killed. In Gaza, Israeli troops are about to conduct a ground campaign following more...

Dollar dips following Fed meeting 10 Jul at 5 AM The dollar has slipped to its lowest level against a number of other currencies in a week after the Federal Reserve gave no indication as to when it intends to push up interest rates. Minutes from the central bank’s June meeting reveal that policy makers discussed the unwinding of the stimulus programme and agreed that October would be the...

Dollar supported by positive data 3 Jul at 6 AM The dollar is managing to hold on to recent gains after hitting an eight-week trough. The greenback has been given support by a string of positive data including solid figures from manufacturing and the auto industry and an increase in nonfarm payrolls. The statistics suggest that the US is recovering from the slump it experienced during the...

US and Aussie dollars slip 31 Jul at 9 AM A policy meeting at the US Federal Reserve is expected to result in an announcement that interest rates will remain low. This has seen the dollar slide against the euro. The single currency is trading near a six-week high of $1.3289.

GDP is expected to have grown in the second quarter by around 1 per cent. This is a drop on the...

US dollar remains under pressure 24 Jul at 9 AM The US dollar has dropped to a one-month low against the euro as investors react to comments that the Federal Reserve could now reduce its programme of bond buying later than expected. Fed chairman Ben Bernanke suggested that interest rates could remain low even if the asset buying was reined in. He also said that any policy shift would...

Dollar defensive ahead of Fed statement 17 Jul at 9 AM The dollar remains on the defensive as chairman of the Federal Reserve, Ben Bernanke, prepares to face Congress. The US central bank boss has appeared more dovish than many analysts expected and the dollar index is still at a near three-week low. The euro is also below last week’s high of $1.3208 at $1.3150.

The poorly...

Pound tanks on weak manufacturing figures 10 Jul at 10 AM The euro has hit a three-month low against the US dollar after an official from the European Central Bank suggested that record-low interest rates are likely to remain in place for another year. The single currency is also suffering because Italy’s credit rating has been downgraded by Standard & Poors.

The euro slumped to...

US dollar remains strong against the yen 3 Jul at 9 AM The US dollar has hit its highest level against the yen since the end of May. The lift comes as analysts wait for jobs data that could further support expectations that the Federal Reserve could begin to wrap up its monetary stimulus programme.

However, the markets will close early today and stay closed tomorrow in the US for...