Forex Investment and Currency Trading

USD
The dollar has continued its recovery in the aftermath of the Paulson/Plosser comments. With many of the heavyweight US financial firms having reported Q2 earnings, the focus is likely to shift back to the relative fundamental outlook in the coming days. A better environment towards risk and the resilience of US equity markets suggests [...]

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The Chinese yuan (CNY) has been on an appreciating path since its de-pegging and revaluation on 21 July 2005. The pace of this appreciation appeared to pick up sharply in Q4-07, in line with the public change in official rhetoric to “tight” rather “prudent” economic policy. Since then, a shift by the Chinese authorities has been noticed in [...]

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Overnight USD/CAD Movement
Asia: Although weakness in crude oil prices sustained a bid tone in USD/CAD overnight, the pair did return below 1.0100 at the North American open as Canadian CPI was stronger than expected. There were no major deal flows noted during the Asian session, with the soft tone in crude oil prices attracting buying [...]

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