Australian Dollar Surges as Traders Chase Yields- CHF Plummets
Thursday, June 30th, 2011 Posted in Market Comments | Comments OffThe hunt for yields continues to see the Swissie come under pressure while commodity currencies soar on improving risk appetite. The Australian dollar sees further upside potential after breaching key trendline resistance.
Latest Bout of Currency Strength Called Into Question; USD Recovery Looms
Thursday, June 30th, 2011 Posted in Market Comments | Comments OffWith all of the potentially currency positive news priced into markets, we see very little room for an additional appreciation in risk correlated assets going forward…
U.S. Dollar Mostly Lower as End of Quantitative Easing Approaches
Thursday, June 30th, 2011 Posted in Market Comments | Comments OffThe Greenback was mostly lower against the majors in the overnight as appetite for risk steered the market into higher yielding assets ahead of the last day of the Federal Reserve’s quantitative easing program.
Forex: Euro Relief Rally To Taper Off, Sterling Searches For Support
Thursday, June 30th, 2011 Posted in Market Comments | Comments OffThe Euro pared the overnight advance to 1.4520 and the relief rally in the single-currency appears to be coming to an end as the economic outlook foreshadows a slowing recovery in Europe.