Forex Investment and Currency Trading

While US equities staggered back from yesterday’s lows toward the close, overnight the focus was on renewed financial concerns, with stocks across Asia and Europe deep in the red. Those bleeding most heavily were in the financial sector. Before the financial crisis started just over a year ago, there was ample liquidity in the global [...]

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The USD index sold off over the course of the week, as the market continued to reduce expectations for monetary tightening in the US. The yield on the December Eurodollar contract has now dropped 24 bps since last Friday, a move accelerated by Wednesday’s FOMC statement, which suggested a near-term rate hike would not be [...]

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The FX reserve accumulation program announced on April 10th has helped curb CLP strength, but may be counteracting the impact of a more restrictive monetary policy (the Central Bank of Chile (BCC) has tightened 175bp in the last year). Since the program was announced, USD/CLP has climbed 16% to 501, assuaging exporters’ fears that a [...]

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