Alex Beuzelin
Alex Beuzelin
against appear content current dollar fresh major news terms traders within
With little in terms of fresh news or developments overnight, traders appear content to trade the U.S. dollar within its current ranges against the world's major currencies.
concern expression green light resume since traders
Since there was no expression of concern at the yen's strength, traders interpreted this as a green light to resume their yen buying,
aggressive appears assessment caution economic extended gains government japanese lull reason recent traders
The pre-FOMC caution and lull in the marketplace appears to give traders little reason to put on aggressive positions, ... The Japanese yen extended its recent gains as the Mori government upgraded its assessment of economic conditions.
ahead amount event finance marking meeting ministers risk temper tending time traders
Traders are marking time ahead of the G7 finance ministers meeting on Friday. I think there is still a significant amount of event risk and that is tending to temper the dollar's movement,
against await behavior continues despite economic economy euro exchange factors foreign hit japanese low market next outlook peak positive recent role support technical traders trading
The market's positive outlook for the Japanese economy continues to support the yen as it hit a two-month peak against the dollar, ... Technical factors continue to play a determining role in the behavior of the foreign exchange market as traders await next week's FOMC meeting. Despite recent encouraging euro-zone economic data, the euro is trading at a two-week low against the U.S. dollar.
attempts dollar key narrow push remained technical traders
The Dollar/Yen remained hemmed in narrow ranges as traders were unsuccessful in their attempts to push the dollar through key technical resistance.
continues dollar exchange foreign pessimism
U.S. dollar pessimism continues to pervade the foreign exchange market.
change economy fed good impact insight provide view
At the end of the day, this is not going to change the view that the U.S. economy is in good shape. Not going to provide any much insight as to how much the Fed has to go. So it hasn't had much of an impact on the dollar.
creation job labor pace shows slack
Undoubtedly it's a dollar-negative report. This pace of job creation shows there is still slack in the labor markets.
again direction dollar economic key lack linked volatility wall
With a lack of any key economic news, once again the direction of the dollar is linked to the volatility on Wall Street.
bank combined credit fears japan ongoing possible rating renewed rumors weighed
Ongoing fears of possible Bank of Japan intervention combined with renewed rumors of a possible downgrade of Japan's credit rating also weighed on the yen.
assumption due holiday single trading
Lighter-than-usual trading volumes, due to the Assumption Day holiday in Europe, facilitated the single currency's gains,
appeal enhances interest pound rate relative
It enhances the dollar's interest rate appeal relative to the euro, pound and yen,
federal headline interest raising rates reserve surprise track upside
That was an upside surprise in the headline PPI index. That's going to keep the Federal Reserve on track in raising interest rates at an incremental pace,