Yesterday, Banco de Mexico (Mexico’s central bank) announced a commitment to sell 200 million USD daily, if needed without a minimum price movement. The bank is looking to keep the exchange rate from spiraling out of... (full story)
The US Dollar may rise if signs of rising employment costs boost Federal Reserve interest rate speculation while the Euro is likely to look past July CPI data.
US Dollar May Rise as Employment Cost Data... (full story)
I bought USDCAD at 1.2649 and have since booked profit on half of the position . The rest of the trade will remain open to take advantage of any further gains ahead. The stop-loss has been moved to the breakeven level.... (full story)
SEOUL, South Korea (AP) — China's stock market extended its loss for a second day while other Asian stocks were mostly up Thursday after data showed the U.S. economy posted solid growth during the second quarter. (full story)
MEXICO CITY (AP) — Mexico's central bank said Thursday it will increase dollar auctions from $52 million to $200 million per day through the end of September to stabilize the badly weakened peso. (full story)
Kristian Kerr, Sr. Currency Strategist - Daily FX - Thu Jul 30, 8:45AM CDT
The FXCM US Dollar Index (equally weighted basket of USD versus EUR, JPY, GBP & AUD) failed again last week near the 78.6% retracement of the April – May decline in the 12,050 area. There is some vulnerability in the index... (full story)
The US Dollar may rise as an upbeat second-quarter GDP report reinforces yesterday’s hawkish shift in FOMC rhetoric and fuels on-coming rate hike speculation.
Euro Unlikely to Find Follow-Through... (full story)