Euroland PMIs

Dollar Strengthened in Wake of Late Wednesday’s Surprise Fed Discount Rate Hike

February 19, 2010

At 19:30 GMT yesterday after U.S. markets had closed, the Fed announced a 25-basis point increase in its discount rate to 0.75%.  The FOMC minutes this week had served notice that such a move could occur soon and would not be meant as a signal of tightening monetary policy but rather another part of an […] More

Dollar Higher on Chinese and European Data

January 21, 2010

The dollar strengthened 1.0% against sterling, 0.8% versus the kiwi, 0.6% against the yen and Canadian dollar, 0.4% relative to the Swiss franc and euro, and 0.2% against the Australian dollar. Stocks in the Pacific Rim rebounded 1.2% in Japan, 0.5% in South Korea and 0.4% in China but slumped 2.4% in India, 2.0% in […] More