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Afternoon US Dollar Wrap-Up

The greenback continued in two-way trade ahead of US data tomorrow; today’s action was confined to established ranges for the most part with the exception of GBP.

Morning Forex Briefing

In a surprise move over the weekend, the PBOC raised interest rates 27 BP taking the one year deposit rate to 2.79% and the one year lending rate to 6.39% respectively.

Afternoon US Dollar Wrap-Up

The USD continued to trade in solid two-way technical action today after a weak finish from last Friday was erased overnight starting in Asia.

Morning Forex Briefing

In my view, the past two-days of weakness in global stocks is a huge over-reaction to the potential of a handful of banks or finance companies threatened with failure or regulatory interference.

Afternoon US Dollar Wrap-Up

The USD is mixed to lower today after concerns for Yen carry trade unwinds continued as well as a new potential bearish indicator developed: the sub-prime lending meltdown.

Morning Forex Briefing

The USD is trading mixed to start New York after a two-way overnight session that saw the JPY crosses again the most active on the board.

Morning Forex Briefing

The USD is trading lower to start New York after falling off a bit in late European trade.

Morning Forex Briefing

In my view, the USD is set to make solid highs for the near-term against GBP and EURO.

Morning Forex Briefing

A case of “buy the rumor/sell the fact” appears to be active in the GBP and the EURO this morning as both the BOE and the ECB provided “as expected” fundamentals.