Currency Market Updates

Currency Market News: Fed Statement Boosts USD

The Dollar strengthened overnight after the Fed took steps to try and bolster the fragile US economy, saying they will maintain their holdings of securities to stop money from draining out of the financial system.

Currency Market Updates: The Fed Meeting

The consensus seems to be that that additional liquidity will be added to the system through reinvestment of maturing assets already on the Fed balance sheet, rather than return to fully blown quantitative easing.

Currency Market Updates The Week Ahead

US Employment fell for a second straight month in July as more temporary census jobs ended, as private hiring rose less than expected, pointing to an stunted economic recovery and a potential requirement for further Quantitative Easing.

Currency Market Updates The Dow Jones Fall

The Dow Jones fell sharply after the release of the GDP data before recovering ground to settle down 40.72 at 10,426.44 in lunchtime trading. Economists had predicted second-quarter growth of 2.5pc, but their disappointment was compounded by the revised data for the first three months of 2010.

S&P Downs The Pound

The British pound weakened yesterday after the S&P said it was maintaining its negative outlook on UK’s AAA credit rating…Greece’s return to capital markets sees caution with the euro…

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