Posts Tagged ‘Australian dollar’

Currencies under pressure

Tuesday, June 15th, 2010

The third quarter for currency traders looks to be another rocky one, according to Forex.com, which released its Third Quarter 2010 Markets Outlook today. A weak economy and troubles in the Eurozone are the usual suspects that will continue to hold the forex markets down. Analysts say the dollar will be the safe-haven currency as euro weakness will continue into 2011. The commodity currencies, the Australian dollar and Canadian dollar, should outperform, but are at risk if global recovery falls, according to the report. (more…)

Staying the course

Wednesday, November 4th, 2009

In this morning’s forex report, Andrew Wilkinson predicted that today’s statement by the Federal Open Market Committee (FOMC) would “convey an unchanged message in which they see a patchy economic recovery warranting an extended period of easy monetary policy.” He was right, as the FOMC said it would maintain the Fed funds rate at 0 to 0.25% and that economic conditions “are likely to warrant exceptionally low levels of the Federal funds rate for an extended period.”

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