Archive for August 3rd, 2009

Australian Central Bank Rate Decision Preview

August 3, 2009

More than with most monthly meetings, the Australian dollar’s near-term fate hinges on Reserve Bank’s policy decision, due Tuesday at 04:30 GMT.  The central bank undoubtedly will leave its cash rate at 3.00%, which is the level since a 25-basis point cut on April 7.  In four moves from early October to early February, the […] More

Currency Markets in the News

U.S Advantage Versus Euro Area in Manufacturing Widened Last Month

August 3, 2009

Factory sector downtrends continued to decelerate in the United States and Euroland in July, according to purchasing manager surveys released today.  Production and orders expanded slightly in the United States and eased only marginally in Euroland.  Labor market trends lagged in both regions as one might imagine, exerting a drag on each overall PMI index.  […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Stronger Manufacturing PMI Readings

August 3, 2009

Another risk assumption play: stocks and commodities higher, and both dollar and yen are lower. The dollar firmed 0.3% against the yen but fell 0.8% to a 9-month low against sterling.  The dollar also slid 0.7% against the kiwi, 0.6% against the Canadian dollar, 0.5% against the Aussie dollar, 0.3% against the euro and 0.2% […] More